BEL shares up 0.76% as Nifty drops
A total of 689,169 shares changed hands on the counter till 11:31AM (IST).
NEW DELHI: Shares of traded 0.76 per cent up in Wednesday's trade at 11:31AM (IST). Around 689,169 shares changed hands on the counter.The counter opened at Rs 227.15 and touched an intraday high and low of Rs 229.95 and Rs 224.55, respectively, in the session so far. Shares of the company of quoted a 52-week high of Rs 241.5 and a 52-week low of Rs 105.75.
Total market cap of the . stood at Rs 166224.37 crore at the time of writing this report.
Key Financials
The company reported consolidated net sales of Rs 4329.58 crore for the quarter ended 31-Dec-2023, up 4.42 per cent from previous quarter's Rs 4146.12 crore and up 2.8 per cent from the year-ago quarter's Rs 4211.76 crore.
The net profit for latest quarter stood at Rs 859.58 crore, up 40.22 per cent from the same quarter a year ago.
Shareholding pattern
As of 31-Mar-2024, domestic institutional investors held 18.06 per cent stake in the company, while foreign institutional investors held 17.56 per cent and the promoters 51.14 per cent.
Valuation ratio
According to data, the stock traded at a price-to-earnings multiple of 48.68 and a price-to-book ratio of 5.14. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. 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.
. belongs to the Defence Contractor industry.
Source: Stocks-Markets-Economic Times
