BEL shares gain 0.76% as Sensex falls
Bharat Electronics Ltd. traded 0.76 per cent up at Rs 211.2 at 10:25AM (IST) on Tuesday, even as BSE benchmark Sensex dropped 406.99 points to 73465.3.
The stock had settled at Rs 209.6 in the previous session. The stock quoted a 52-week high price of Rs 213.8 and 52-week low of Rs 89.68, respectively. As per BSE data, total traded volume on the counter till 10:25AM (IST) stood at 721224 shares with a turnover of Rs 15.28 crore.
At the prevailing price, the stock traded at 43.46 times its trailing 12-month EPS of Rs 4.88 per share and 5.14 times its price-to-book value, 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 reflects the price investors are ready to pay even for no growth in the business. The stock's Beta value, 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 31-Dec-2023, while FIIs owned 17.78 per cent and DIIs 18.33 per cent.
Technicals On the technical charts, the relative strength index (RSI) of the stock stood at 74.52. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30. Chartists say, RSI should not be seen in isolation, as it may not be sufficient to take a trading call, just the way fundamental analysts
