Share price of BEL rises as Nifty weakens
A total of 5,363,574 shares changed hands on the counter till 09:59AM (IST).
Shares of gained 7.53 per cent to Rs 278.35 in Tuesday's trade as of 09:59AM (IST).The stock hit a high price of Rs 282.8 and low of Rs 271.0 during the session.
The return on equity (ROE) for the stock stood at 21.53 per cent. Traded volume on the counter stood at 09:59AM shares and turnover at Rs 149.68 crore around that time.
The stock of quoted a 52-week high and 52-week low prices of Rs 282.8 and Rs 105.75, respectively.
The Beta value of the counter, which measures its volatility in relation to the broader market, stood at 1.44.
Promotor/FII Holding
Promoters held 51.14 per cent stake in the company as of 31-Mar-2024, while FIIs held 17.56 per cent and domestic institutional investors had 22.63 per cent.
Key Financials
The company reported consolidated sales of Rs 8789.51 crore for the quarter ended 31-Mar-2024, up 103.01 per cent from previous quarter's Rs 4329.58 crore and up 34.29 per cent from the year-ago quarter's Rs 6545.28 crore.
Net profit after tax for the latest quarter stood at Rs 1797.11 crore, up 30.04 per cent from the same quarter a year ago.
Source: Stocks-Markets-Economic Times
