BEL shares down 1.1% as Nifty drops
A total of 545,757 shares changed hands on the counter till 12:27PM (IST).
NEW DELHI: Shares of traded 1.1 per cent down in Thursday's trade at 12:27PM (IST). Around 545,757 shares changed hands on the counter.The scrip opened at Rs 223.35 and touched an intraday high and low of Rs 223.95 and Rs 218.3, respectively, in the session so far. Shares of the company of quoted a 52-week high of Rs 225.45 and a 52-week low of Rs 95.3.
Total market cap of the . stood at Rs 159755.22 crore at the time of writing this report.
Key Financials
The company reported consolidated 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 corresponding quarter last year.
Shareholding pattern
As of 31-Dec-2023, DIIs held 18.33 per cent stake in the firm, while foreign institutional investors held 17.77 per cent and the promoters 51.14 per cent.
Valuation ratio
According to data, the stock traded at a P/E multiple of 44.76 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
