BEL shares drop 1.52% as Sensex falls
Bharat Electronics Ltd. traded 1.52 per cent down at Rs 130.0 at 11:11AM (IST) on Monday, even as BSE benchmark Sensex dropped 300.25 points to 65022.4.
The stock had closed at Rs 132.0 in the previous session. The stock quoted a 52-week high and 52-week low of Rs 133.25 and Rs 87.0, respectively.
As per BSE data, total traded volume on the counter till 11:11AM (IST) stood at 11:11AM shares with turnover at Rs 359.0 crore. At the prevailing price, the stock trades at 30.56 times its trailing 12-month earnings per share of Rs 4.32 per share and 5.14 times its price-to-book value, the exchange data showed.
A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.
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