BEL shares up 0.2% as Nifty gains
The scrip opened at Rs 128.4 and touched an intraday high and low of Rs 128.55 and Rs 126.55, respectively, in the session so far. Shares of the company of Bharat Electronics Ltd.
quoted a 52-week high of Rs 128.65 and a 52-week low of Rs 76.72. As per BSE, the total market cap of the Bharat Electronics Ltd.
stood at Rs 93345.88 crore at the time of writing this report.Key Financials The company reported consolidated net sales of Rs 6545.28 crore for the quarter ended 31-Mar-2023, up 55.4 per cent from previous quarter's Rs 4211.76 crore and up 2.21 per cent from the year-ago quarter's Rs 6403.75 crore. The net profit for latest quarter stood at Rs 1382.02 crore, up 19.74 per cent from the same quarter a year ago.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 31.28 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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