BEL shares: In Thursday’s session, as of 01:04 PM (IST), shares of Bharat Electronics Ltd. decreased by 0.99% to Rs 303.8, while the equity benchmark Sensex saw a 288.38 point increase to 78962.63.
The stock saw a gap at the start of the session earlier in the day. The NSE provided quotes for the stock at a 52-week high of Rs 323.0 and a 52-week low of Rs 117.95. At the counter, about 1315139 shares were exchanged until 01:04 PM (IST).
According to Economic Times, the stock has touched an intraday high of Rs 308.2 and a low of Rs 303.2. The stock opened at Rs. 306.45. The price-to-book value (PB) ratio for the stock was 9.02, the price-to-earnings (PE) ratio was 56.22, the earnings per share (EPS) was Rs 5.45, and the return on equity (ROE) was Rs 24.4.
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Initiator/FII Holding
As of June 27, the promoters owned 51.14% of the company, while the ownership of FII and MF was 17.56% and 18.06%, respectively.
Important Finances
The company, which has a market capitalization of Rs 224008.17 crore, is a defence contractor. The company reported consolidated sales of Rs 8789.51 crore for the quarter that ended on March 31, 2024. This represents an increase of 34.29% from the same quarter last year and a 103.01% increase from the previous quarter’s Rs 4329.58 crore. For the most recent quarter, the company reported a net profit of Rs 1797.11 crore, up 30.04% from the same period the previous year.
Technical Measures
The stock’s relative strength index (RSI) is currently 57.85. The range of the RSI oscillations is zero to 100. According to conventional wisdom, an RSI value of more than 70 indicates an overbought situation, and one below 30 indicates an oversold situation. In the same way that a fundamental analyst cannot recommend a stock to “buy” or “sell” based solely on a valuation ratio, analysts argue that the RSI indicator should not be viewed in isolation because it might not be enough to make a trading call.
