BEL shares fall 4.56% as Nifty gains
Bharat Electronics Ltd. traded 4.56 per cent down at Rs 269.95 on Thursday at around 01:54PM (IST), while the benchmark BSE Sensex advanced 211.63 points to 83159.86.
As many as 987,109 shares changed hands on the counter with a total value of Rs 27.01 crore.
The stock quoted a 52-week high price of Rs 340.35 and a 52-week low of Rs 127.0.
On the technical charts, the 200-DMA of the stock stood at Rs 242.28, while 50-DMA was at Rs 302.05. If a stock trades above 50 DMA and 200 DMA, it usually means the immediate trend is up. On the other hand, if the stock trades below 50 DMA and 200 DMA both, it is considered a bearish trend and if it trades between 50DMA and 200DMA, then it suggests the stock can go anywhere.
Shares of the company have advanced 92.96 per cent in the past one year, while Sensex has risen 22.57 per cent during the same period.
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