BEL shares up 0.32% as Sensex rises
Bharat Electronics Ltd. gained 0.32 per cent to Rs 307.05 in Monday's session as of 11:52AM (IST) even as the equity benchmark Sensex traded 609.44 points higher at 81695.65.
Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 340.35 and a 52-week low of Rs 127.0 on NSE. Around 777830 shares changed hands on the counter till 11:52AM (IST).
The stock opened at Rs 309.6 and has touched an intraday high and low of Rs 309.6 and Rs 305.75 during the session so far. The stock quoted a price-to-earnings (PE) ratio of 52.95, earnings per share (EPS) of Rs 5.8 and price to book value (PB) of 9.02, while the return on equity (ROE) stood at Rs 24.4.
Promoter/ FII Holding
The promoters held 51.14 per cent stake in the company as of August 26, while FII and MF ownerships stood at 17.43 per cent and 16.08 per cent, respectively.
Key Financials With a market capitalisation of Rs 224337.11 crore, the company operates in the Defence Contractor industry. For the quarter ended 30-Jun-2024, the company reported consolidated sales of Rs 4447.15 crore, down 49.4 per cent from the previous quarter?s Rs 8789.51 crore and down 21.07 per cent from the same quarter a year ago. The company reported net profit of Rs 791.0 crore for the latest quarter, up 46.86 per cent from the corresponding quarter last year.
Technical Indicators The relative strength index (RSI) of the stock stands at 52.56. The RSI oscillates between zero and 100. Traditionally, it is considered overbought
