Share price of BEL jumps as Sensex gains 89.83 points
Bharat Electronics Ltd. gained 0.4 per cent to Rs 135.75 at 11:21AM (IST) in Friday's trade.
The stock has hit a high of Rs 135.95 and low of Rs 134.05 so far during the session. The stock had closed at Rs 135.2 in the previous session.
The counter has had a total traded volume of 185857 shares so far with a value of Rs 2.51 crore on the NSE.
It traded at a price-to-earnings multiple of 31.39 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 reflects the price investors are willing to pay even for no growth in the business.
The scrip gained 23.41 per cent during the past one year, while the 30-share index advanced 12.13 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-2023, while FIIs and domestic institutional investors ownership stood at 17.35 per cent and 19.33 per cent, respectively.
Key Financials The firm reported consolidated sales of Rs 3673.17 crore for the quarter ended 30-Jun-2023, down 43.88 per cent from the previous quarter's Rs 6545.28 crore and down 13.97 per cent from the year-ago quarter's Rs 3222.82 crore.
Profit for the latest quarter stood at Rs 538.6 crore, up 47.3 per cent from the same quarter a year ago.
