Share price of BEL rises as Nifty strengthens
Bharat Electronics Ltd. gained 1.5 per cent to Rs 137.9 in Thursday's trade as of 10:10AM (IST). The stock hit a high price of Rs 138.75 and low of Rs 136.75 during the session.
The return on equity (ROE) for the stock stood at 21.53 per cent.
Traded volume on the counter stood at 10:10AM shares and turnover at Rs 488.0 crore around that time. The stock of Bharat Electronics Ltd. quoted a 52-week high price of Rs 147.2 and 52-week low prices of Rs 87.0, respectively.
The stock's Beta value, which measures its volatility in relation to the broader market, stood at 1.44.
Promotor/FII Holding Promoters held 51.14 per cent stake in the company as of 30-Jun-2023, while overseas investors held 17.35 per cent and domestic institutional investors had 19.33 per cent.
Key Financials The company reported consolidated sales of Rs 3673.17 crore for the quarter ended 30-Jun-2023, down 43.88 per cent from previous quarter's Rs 6545.28 crore and down 13.97 per cent from the year-ago quarter's Rs 3222.82 crore.
Net profit after tax for the latest quarter stood at Rs 538.6 crore, up 47.3 per cent from the same quarter a year ago.
Technicals
The MACD signalled a bearish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages.
