BEL Shares Price have increased by 1.98% in tandem with the rise of the Sensex
BEL Shares Price : During Wednesday’s session, Bharat Electronics Ltd. saw its shares rise by 1.98% to reach Rs 238.85, despite the Sensex, the equity benchmark, trading 287.7 points higher at 74026.15 at 12:53 PM (IST).
At the beginning of the trading day, the stock experienced a gap up opening. It recorded a 52-week high of Rs 239.1 and a 52-week low of Rs 100.31 on the NSE. By 12:53 PM (IST), approximately 603,071 shares had been traded on the counter.
BEL Shares Price : The stock opened at Rs 235.55 and reached an intraday high of Rs 239.1 and an intraday low of Rs 234.1 so far in the session. It currently has a price-to-earnings (PE) ratio of 48.92, earnings per share (EPS) of Rs 4.88, and a price to book value (PB) of 5.14. Additionally, the return on equity (ROE) is at Rs 21.53.
Overview of Bharat Electronics Ltd.: Shareholding, Financial Performance, and Technical Indicators
- Shareholding Details:
As of April 24, promoters control 51.14% of Bharat Electronics Ltd., while Foreign Institutional Investors (FIIs) hold 17.56% and Mutual Funds (MFs) own 18.06%.
- Financial Highlights:
Bharat Electronics Ltd., operating in the Defence Contractor industry, boasts a market capitalization of Rs 174,630.62 crore. In the quarter ending December 31, 2023, the company recorded consolidated sales of Rs 4,329.58 crore, marking a 4.42% increase from the previous quarter and a 2.8% increase from the same quarter a year ago. The latest quarter saw a net profit of Rs 859.58 crore, a substantial 40.22% surge from the corresponding quarter last year.
- Technical Indicators:
The stock’s Relative Strength Index (RSI) currently sits at 75.43. Traditionally, an RSI above 70 suggests overbought conditions, while below 30 indicates oversold conditions. However, analysts caution against relying solely on RSI for trading decisions, emphasizing the need for comprehensive analysis that incorporates fundamental factors.
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