BEL shares drop 6.56% as Sensex rises
Bharat Electronics Ltd. traded 6.56 per cent down at Rs 135.25 at 02:04PM (IST) on Tuesday, even as BSE benchmark Sensex gained 68.79 points to 67195.87.
The scrip had settled at Rs 144.75 in the previous session.
The stock quoted a 52-week high and 52-week low of Rs 144.75 and Rs 87.0, respectively.
As per BSE data, total traded volume on the counter till 02:04PM (IST) stood at 02:04PM shares with turnover at Rs 3714.0 crore.
At the prevailing price, shares of the company trades at 31.32 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.
The Beta value of the stock, which measures its volatility in relation to the broader market, stood at 1.44.
Shareholding Details Promoters held 51.14 per cent stake in the company as of 30-Jun-2023, while FIIs owned 17.35 per cent and DIIs 24.83 per cent.
