Share price of BEL jumps as Sensex gains 515.17 points

economictimes.indiatimes.com:

Bharat Electronics Ltd. gained 2.12 per cent to Rs 307.7 at 10:56AM (IST) in Friday's trade. The scrip has hit a high of Rs 309.7 and low of Rs 302.35 so far during the session. The stock had closed at Rs 301.3 in the previous session.
The counter has had a total traded volume of 502521 shares so far with a value of Rs 15.39 crore on the NSE. It traded at a price-to-earnings multiple of 56.36 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 reflects the price investors are willing to pay even for no growth in the business.
The scrip gained 144.3 per cent during the past one year, while the 30-share index advanced 20.76 per cent during the same period.
Bharat Electronics Ltd. belongs to the Defence Contractor industry.
Promotor/FII Holding Promoters held 51.14 per cent stake in the company as of 30-Jun-2024, while overseas investors and domestic institutional investors ownership stood at 17.43 per cent and 16.08 per cent, respectively.
Key Financials The firm reported consolidated sales of Rs 8789.51 crore for the quarter ended 31-Mar-2024, up 103.01 per cent from the previous quarter's Rs 4329.58 crore and up 34.29 per cent from the year-ago quarter's Rs 6545.28 crore.
Profit for the latest quarter stood at Rs 1797.11 crore, up 30.04 per cent from the same quarter a year ago.

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