BEL stock price up 2.74 per cent as Sensex slides

Shares of Bharat Electronics Ltd. rose 2.74 per cent to Rs 332.9 at 10:10AM hours (IST) on Monday. Earlier in the day, the stock saw a gap up start to the session.

As per data available on BSE, total traded quantity on the counter stood at 984,095 shares with a turnover of Rs 32.51 crore till 10:10AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 60.98, while the price-to-book value ratio stood at 9.02.

Return on equity (ROE) was at 24.4 per cent, according to exchange data. The stock hit an intraday high of Rs 333.65 and a low of Rs 325.8 during the session and quoted a 52-week high price of Rs 333.65 and a 52-week low of Rs 121.95.


The stock's beta value, which measures its volatility in relation to the broader market, stood at 1.44.

Technical Indicators

The 200-DMA (day moving average) of the stock stood at Rs 200.25 on July 08, while the 50-DMA was at Rs 278.11. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.

The Relative Strength Index (RSI) of the stood at 70.48. The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30.

Promoter holding

As of 31-Mar-2024, promoters held 51.14 per cent stake in the company, while overseas investors held 17.56 per cent and domestic institutional investors had 22.63 per cent.