Bharat Electronics Ltd. shares: At about 11:01 AM (IST) on Thursday, shares of Bharat Electronics Ltd. increased by 0.15%, closing at Rs 315.05. The stock’s previous closing price was Rs 314.55. At the same time, the equity benchmark Sensex was up 142.8 points, trading at 80129.6.
In the past year, the stock has risen by 161.78%, while the 30-share index has increased by 27.95% over the same period.
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According to Economic Times, the stock’s 52-week high and low were Rs 323.0 and Rs 121.1, respectively.
A total of 1,778,198 shares were traded, with a price-to-earnings ratio of 57.71, an EPS of 5.45, and a price-to-book ratio of 9.02. During the Nifty50 pack’s trading, 22 stocks were in the red and 28 stocks were in the green.
As of March 31, 2024, the promoter/FII holding was 51.14%, while the ownership of FII and MF stood at 17.56% and 18.06%, respectively.
Important Finances
For the quarter ended March 31, 2024, the company reported consolidated revenues of Rs 8789.51 crore. From the Rs 4329.58 crore from the previous quarter, this is a rise of 103.11%; from the quarter’s Rs 6545.28 crore from the previous year, this is 34.29%. The firm made a net profit of Rs 1797.11 crore for the most recent quarter.
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Technical Measures
The MACD for the counter indicated a negative bias. It is well-recognized that the MACD can predict trend reversals in traded stocks or indexes. What it is is the difference between the 26-day and 12-day exponential moving averages. Plotting the signal line—a nine-day exponential moving average—above the MACD reveals “buy” or “sell” opportunities. When the MACD crosses below the signal line, a negative signal is produced, indicating that the price of the assets may move down and vice versa.
