BEL shares gain 1.31% as Sensex falls
The stock quoted a 52-week high of Rs 303.35 and a 52-week low of Rs 110.2.
Shares of traded 1.31 per cent higher in Wednesday's session at 10:20AM (IST). The stock opened at Rs 285.65 and has touched an intraday high and low of Rs 293.95 and Rs 284.5, respectively, during the session so far.The stock quoted a 52-week high of Rs 303.35 and a 52-week low of 110.2. About 1,021,633 shares changed hands on the counter so far.
Benchmark Nifty50 was down 121.36 points at 22766.8, while the BSE traded 430.24 points lower at 74740.21 at the time of writing of this report.
In the pack, 11 stocks traded the day in the green, while 39 were in the red.
Key Financials
For the quarter ended 31-Mar-2024, the company reported consolidated sales of Rs 8789.51 crore, up 103.01 per cent from the previous quarter's Rs 4329.58 crore and up 34.29 per cent from the year-ago quarter. The company reported net profit of Rs 1797.11 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 177.75 on May 29, while the 50-DMA was at Rs 232.04. 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
