BEL stock price down 0.39 per cent as Sensex climbs
Bharat Electronics Ltd. fell 0.39 per cent to Rs 140.8 at 01:59PM hours (IST) on Wednesday. Earlier in the day, the stock saw a gap up start to the session.
As per data available on BSE, total traded quantity on the counter stood at 409,934 shares with a turnover of Rs 5.78 crore till 01:59PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 30.98, while the price-to-book value ratio stood at 5.14.
Return on equity (ROE) was at 21.53 per cent, according to exchange data.
The stock hit an intraday high of Rs 142.65 and a low of Rs 140.55 during the session and quoted a 52-week high price of Rs 147.2 and a 52-week low of Rs 87.0.
The stock's beta value, which measures its volatility in relation to the broader market, stood at 1.44.
Technical Indicators
The 200-DMA (day moving average) of the stock stood at Rs 119.62 on November 29, while the 50-DMA was at Rs 137.76.
If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.
The Relative Strength Index (RSI) of the stood at 53.34. The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30.
