BEL shares rise 1.54 per cent in Friday's trading session
The Relative Strength Index of the stock stood at 66.48 on Friday.
Shares of rose 1.54 per cent to Rs 322.25 in Friday's trade as of 10:00AM (IST) even as the benchmark ruled at 24184.3, down 117.86 points.The scrip had closed at Rs 317.35 in the previous session. The stock quoted a 52-week low of Rs 121.1 and a high of Rs 325.0. The company quoted a market-cap of Rs 234205.31 crore on the .
On BSE, 1,659,660 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 58.78 times its trailing 12-month EPS of Rs 5.45 per share and 9.02 times its book value. The return on equity (ROE) stood at Rs 24.4.
Key Financials
For the quarter ended 31-Mar-2024, reported consolidated sales of Rs 8789.51 crore, up 34.29 per cent from the same quarter a year ago. The company reported 30.04 per cent YoY growth in net profit at Rs 1797.11 crore for the latest quarter.
Technical indicators
The relative strength index (RSI) of the stock stood at Friday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30.
Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation ratio.
Source: Stocks-Markets-Economic Times
