Share price of BEL falls as Sensex drops 241.32 points
Bharat Electronics Ltd. dropped 0.24 per cent to Rs 205.0 at 01:24PM (IST) in Monday's trade. The stock hit a high of Rs 206.7 and low of Rs 202.7 so far during the session. The stock had closed at Rs 205.5 in the previous session.
The counter had a total traded volume of 01:24PM shares so far with a turnover of Rs 32.26 crore on BSE. The stock traded at a price-to-earnings multiple of 42.17 and a price-to-book ratio of 5.14.
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.
Promotor/FII Holding Promoters held 51.14 per cent stake in the company as of 31-Dec-2023, while foreign investors and domestic institutional investors ownership stood at 17.77 per cent and 23.36 per cent, respectively.
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 the previous quarter's Rs 4146.12 crore and up 2.8 per cent from the year-ago quarter's Rs 4211.76 crore.
Its profit for the latest quarter stood at Rs 859.58 crore, up 40.22 per cent from the same quarter a year ago.
(You can now subscribe to our ETMarkets WhatsApp channel)
