BEL shares up 0.59% as Nifty drops
Bharat Electronics Ltd. traded 0.59 per cent up in Tuesday's trade at 11:21AM (IST). Around 797,783 shares changed hands on the counter.
The scrip opened at Rs 232.75 and touched an intraday high and low of Rs 237.0 and Rs 230.0, respectively, in the session so far. The stock of Bharat Electronics Ltd. quoted a 52-week high of Rs 238.0 and a 52-week low of Rs 100.01.
As per BSE, the total market cap of the Bharat Electronics Ltd. stood at Rs 172291.49 crore at the time of writing this report.
Key Financials The company reported consolidated net sales of Rs 4329.58 crore for the quarter ended 31-Dec-2023, up 4.42 per cent from previous quarter's Rs 4146.12 crore and up 2.8 per cent from the year-ago quarter's Rs 4211.76 crore.
The net profit for latest quarter stood at Rs 859.58 crore, up 40.22 per cent from the same quarter a year ago.
Shareholding pattern As of 31-Mar-2024, DIIs held 18.06 per cent stake in the company, while foreign institutional investors held 17.56 per cent and the promoters 51.14 per cent.
Valuation ratio According to BSE data, the stock traded at a price-to-earnings multiple of 48.27 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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