BEL shares rise 0.32 per cent in Thursday's trading session
Bharat Electronics Ltd. rose 0.32 per cent to Rs 186.3 in Thursday's trade as of 12:40PM (IST) even as the benchmark Nifty ruled at 21480.0, down 91.96 points.
The scrip had closed at Rs 185.7 in the previous session.
The stock quoted a 52-week low of Rs 87.0 and a high of Rs 187.55. The company quoted a market-cap of Rs 135742.59 crore on the BSE.
On BSE, 1,152,743 shares have changed hands on the counter so far.
At its prevailing price, the stock traded at 40.85 times its trailing 12-month EPS of Rs 4.55 per share and 5.14 times its book value. The return on equity (ROE) stood at Rs 21.53.
Key Financials For the quarter ended 30-Sep-2023, Bharat Electronics Ltd.
reported consolidated sales of Rs 4146.12 crore, up 2.74 per cent from the same quarter a year ago. The company reported 26.55 per cent YoY growth in net profit at Rs 789.35 crore for the latest quarter.
Technical indicators The relative strength index (RSI) of the stock stood at Thursday.
The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30.
Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a «buy» or «sell» recommendation using a single valuation ratio.
