BEL stock price down 0.48 per cent as Sensex climbs
Bharat Electronics Ltd. fell 0.48 per cent to Rs 308.0 at 12:07PM 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 441,120 shares with a turnover of Rs 13.63 crore till 12:07PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 57.03, while the price-to-book value ratio stood at 9.02.
Return on equity (ROE) was at 24.4 per cent, according to exchange data. The stock hit an intraday high of Rs 311.55 and a low of Rs 307.65 during the session and quoted a 52-week high price of Rs 323.0 and a 52-week low of Rs 117.95.
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 193.25 on June 26, while the 50-DMA was at Rs 265.36. 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 60.52. 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.
Promoter holding
As of 31-Mar-2024, promoters held 51.14 per cent stake in the company, while FIIs held 17.56 per cent and domestic institutional
