Share price of BEL as Sensex drops 112.96 points
Bharat Electronics Ltd. 0.19 per cent to Rs 314.45 at 11:51AM (IST) in Thursday's trade. The counter hit a high of Rs 316.05 and low of Rs 312.60 so far during the session. The stock had closed at Rs 313.85 in the previous session.
The counter had a total traded volume of 11:51AM shares so far with a turnover of Rs 5.17 crore on BSE. The stock traded at a price-to-earnings multiple of 50.65 and a price-to-book ratio of 9.02.
A higher P/E ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.
The 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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