BEL shares gain 0.68% as Sensex rises
The stock quoted a 52-week high of Rs 241.5 and a 52-week low of Rs 105.75.
Shares of traded 0.68 per cent higher in Friday's session at 12:43PM (IST). The stock opened at Rs 227.5 and has touched an intraday high and low of Rs 228.5 and Rs 223.15, respectively, during the session so far.The stock quoted a 52-week high of Rs 241.5 and a 52-week low of 105.75. About 1,192,559 shares changed hands on the counter so far.
Benchmark Nifty50 was up 69.16 points at 22026.65, while the BSE traded 171.42 points higher at 72575.59 at the time of writing of this report.
In the pack, 40 stocks traded the day in the green, while 10 were in the red.
Key Financials
For the quarter ended 31-Dec-2023, the company reported consolidated sales of Rs 4329.58 crore, up 4.42 per cent from the previous quarter's Rs 4146.12 crore and up 2.8 per cent from the year-ago quarter. The company reported net profit of Rs 859.58 crore for the latest quarter.
Promoter Holdings
Promoters held 51.14 per cent stake in the company as of 31-Mar-2024, while FIIs held 17.56 per cent and MFs 18.06 per cent.
Technicals
On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 168.76 on May 10, while the 50-DMA was at Rs 216.71. 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 well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.
Source: Stocks-Markets-Economic Times
