Friday, September 20, 2024
29 C
Surat
29 C
Surat
Friday, September 20, 2024

BEL shares fell as the Sensex gained 154.14 points

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Shares of Bharat Electronics Ltd fell 0.42 percent to Rs 304.1 at 01:29PM (IST) in Thursday’s trade. During the session the stock has so far traded at Rs. 306.9 high and Rs. A low of 304.0 has been reached. In the previous session, the share was Rs. closed at 305.4.

Over the counter on NSE Rs. The total traded volume so far is 1019182 shares with a value of 31.07 Crores. It traded at a price-to-earnings multiple of 52.52 and a price-to-book ratio of 9.02.

A high P/E ratio indicates that investors are willing to pay a higher price for the earnings per rupee provided by the stock due to better future growth expectations.

Price-to-book value represents the underlying value of a company and the price investors are willing to pay even if there is no growth in the business.

The scrip has gained 128.3 percent over the past one year, while the 30-share index gained 23.1 percent during the same period.

Bharat Electronics Limited belongs to Defense Contractor industry.

Promoter/FII holding
As on 30-Jun-2024, promoters held 51.14 per cent stake in the company, while foreign investors and domestic institutional investors owned 17.43 per cent and 16.08 per cent respectively.

Chief Financial Officer
For the quarter ended 30-Jun-2024, the company posted Rs. 4447.15 crore reported consolidated net sales, up from the previous quarter’s Rs. 8789.51 crore was down 49.4 percent from the year-ago quarter’s Rs. 763 crore was less by 21.07 percent.

The profit in the latest quarter was Rs. 791.0 crore, which is 46.86 percent higher than the same quarter a year ago.

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