BEL shares up 1.54% as Nifty falls

Shares of Bharat Electronics Ltd. rose 1.54 per cent to Rs 129.2 in Friday's trade. It hit an intraday high of Rs 131.75 and low of Rs 127.35, respectively, during the day.

The stock quoted a 52-week high price of Rs 131.75 and low of Rs 87.0.

As of 10:15AM (IST), the counter saw total traded volume of 1,534,742 shares with a traded value of Rs 1996.0 crore, according to NSE.


The stock had closed at Rs 127.25 in the previous session.

The scrip has advanced 9.21 per cent in the past one month till date, while the benchmark BSE Sensex has gained 4.93 per cent during the same period.

According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 31.17 while price-to-book ratio stood at 5.14. A higher P/E ratio shows that investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations. The price-to-book value indicates the inherent value of a company and it reflects the price investors are ready to pay even for no growth in a business.

The stock belongs to the Defence Contractor industry.

Promoter/FII Holding
Promoters held 51.14 per cent stake in the company as of 30-Jun-2023, while FII and MF ownership in the firm stood at 17.35 per cent and 19.33 per cent, respectively.

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 the previous quarter's Rs 6545.28 crore and down 13.97 per cent from the year-ago quarter's Rs 3222.82 crore. Its net profit for the latest quarter stood at Rs 538.6 crore, up 47.3 per cent from the same quarter a year ago.