Share price of BEL falls as Sensex gains 131.77 points
A total of 1,020,349 shares changed hands on the counter till 01:54PM (IST)
Share price of dropped 0.46 per cent to Rs 204.75 at 01:54PM (IST) in Thursday's trade. The counter hit a high of Rs 205.6 and low of Rs 199.8 so far during the session. The stock had closed at Rs 205.7 in the previous session.The counter had a total traded volume of 01:54PM shares so far with a turnover of Rs 20.63 crore on . The stock traded at a price-to-earnings multiple of 41.87 and a price-to-book ratio of 5.14.
A higher P/E 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.
belongs to the Defence Contractor industry.
Promotor/FII Holding
Promoters held 51.14 per cent stake in the company as of 31-Dec-2023, while foreign investors and domestic institutional investors ownership stood at 17.77 per cent and 23.36 per cent, respectively.
Key Financials
The firm reported consolidated net sales of Rs 4329.58 crore for the quarter ended 31-Dec-2023, 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's Rs 4211.76 crore.
Its profit for the latest quarter stood at Rs 859.58 crore, up 40.22 per cent from the same quarter a year ago.
Source: Stocks-Markets-Economic Times