BEL shares up 0.16% as Nifty drops
Bharat Electronics Ltd. traded 0.16 per cent up in Wednesday's trade at 11:01AM (IST). Around 204,070 shares changed hands on the counter.
The scrip opened at Rs 130.0 and touched an intraday high and low of Rs 130.5 and Rs 129.0, respectively, in the session so far. The stock of Bharat Electronics Ltd. quoted a 52-week high of Rs 133.25 and a 52-week low of Rs 87.0.
Total market cap of the Bharat Electronics Ltd. stood at Rs 95721.55 crore at the time of writing this report.Key Financials The company reported consolidated sales of Rs 3673.17 crore for the quarter ended 30-Jun-2023, down 43.88 per cent from previous quarter's Rs 6545.28 crore and down 13.97 per cent from the year-ago quarter's Rs 3222.82 crore. The net profit for latest quarter stood at Rs 538.6 crore, up 47.3 per cent from the corresponding quarter last year.Shareholding pattern As of 30-Jun-2023, domestic institutional investors held 19.33 per cent stake in the company, while foreign institutional investors held 17.35 per cent and the promoters 51.14 per cent.Valuation ratio According to BSE data, the stock traded at a P/E multiple of 30.32 and a price-to-book ratio of 5.14.
A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.Bharat Electronics Ltd. belongs to the Defence Contractor industry.
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