BEL shares gain 0.08% as Sensex rises

economictimes.indiatimes.com:

Bharat Electronics Ltd. traded 0.08 per cent higher in Wednesday's session at 11:26AM (IST). The stock opened at Rs 303.15 and has touched an intraday high and low of Rs 305.7 and Rs 303.0, respectively, during the session so far.
The stock quoted a 52-week high of Rs 340.35 and a 52-week low of 126.8. About 191,239 shares changed hands on the counter so far.

Benchmark Nifty50 was up 20.81 points at 24719.65, while the BSE Sensex traded 36.3 points higher at 80839.16 at the time of writing of this report.
In the Nifty pack, 32 stocks traded the day in the green, while 17 were in the red.

Key Financials For the quarter ended 30-Jun-2024, the company reported consolidated sales of Rs 4447.15 crore, down 49.4 per cent from the previous quarter's Rs 8789.51 crore and down 21.07 per cent from the year-ago quarter. The company reported net profit of Rs 791.0 crore for the latest quarter.
Promoter Holdings Promoters held 51.14 per cent stake in the company as of 30-Jun-2024, while FIIs held 17.43 per cent and MFs 16.08 per cent.
Technicals On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 226.28 on August 21, while the 50-DMA was at Rs 308.92. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.