Share price of BEL falls as Sensex gains 95.9 points

Share price of Bharat Electronics Ltd. dropped 0.42 per cent to Rs 92.86 at 01:26PM (IST) in Wednesday's trade. The scrip hit a high of Rs 93.9 and low of Rs 92.65 so far during the session. The stock had closed at Rs 93.25 in the previous session.

The counter had a total traded volume of 01:26PM shares so far with a turnover of Rs 2.34 crore on BSE. The stock traded at a price-to-earnings multiple of 24.63 and a price-to-book ratio of 4.18.

A higher price-to-earnings ratio shows 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 is the measure of the price that investors are ready to pay even for no growth in the business.

Bharat Electronics Ltd. belongs to the Defence Contractor industry.

Promotor/FII Holding
Promoters held 51.14 per cent stake in the company as of 31-Dec-2022, while FIIs and domestic institutional investors ownership stood at 17.34 per cent and 24.96 per cent, respectively.

Key Financials
The firm reported consolidated sales of Rs 4211.76 crore for the quarter ended 31-Dec-2022, up 4.37 per cent from the previous quarter's Rs 4035.38 crore and up 11.97 per cent from the year-ago quarter's Rs 3761.56 crore.

Its profit for the latest quarter stood at Rs 613.01 crore, up 2.88 per cent from the same quarter a year ago.