BEL shares gain 2.43% as Sensex falls
Bharat Electronics Ltd. traded 2.43 per cent higher in Thursday's session at 10:05AM (IST). The stock opened at Rs 163.0 and has touched an intraday high and low of Rs 163.0 and Rs 158.35, respectively, during the session so far.
The stock quoted a 52-week high of Rs 163.0 and a 52-week low of 87.0. About 1,453,725 shares changed hands on the counter so far.
Benchmark Nifty50 was down 67.4 points at 20870.3, while the BSE Sensex traded 280.94 points lower at 69372.79 at the time of writing of this report.
In the Nifty pack, 24 stocks traded the day in the green, while 25 were in the red.
Key Financials For the quarter ended 30-Sep-2023, the company reported consolidated sales of Rs 4146.12 crore, up 12.88 per cent from the previous quarter's Rs 3673.17 crore and up 2.74 per cent from the year-ago quarter. The company reported net profit of Rs 789.35 crore for the latest quarter.
Promoter Holdings Promoters held 51.14 per cent stake in the company as of 30-Sep-2023, while FIIs held 17.19 per cent and MFs 18.85 per cent.
Technicals On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 121.34 on December 07, while the 50-DMA was at Rs 139.66. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward.
