BEL shares up 1.35% as Sensex rises
A total of 319,342 shares changed hands on the counter till 10:20AM (IST)
Shares of gained 1.35 per cent to Rs 227.8 in Tuesday's session as of 10:20AM (IST) even as the equity benchmark traded 47.85 points higher at 72823.98.Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 241.5 and a 52-week low of Rs 105.75 on . Around 319342 shares changed hands on the counter till 10:20AM (IST).
The stock opened at Rs 225.45 and has touched an intraday high and low of Rs 228.4 and Rs 225.45 during the session so far. The scrip quoted a price-to-earnings (PE) ratio of 48.68, earnings per share (EPS) of Rs 4.88 and price to book value (PB) of 5.14, while the return on equity (ROE) stood at Rs 21.53.
Promoter/ FII Holding
The promoters held 51.14 per cent stake in the company as of May 14, while FII and MF ownerships stood at 17.56 per cent and 18.06 per cent, respectively.
Key Financials
With a market capitalisation of Rs 164287.28 crore, the company operates in the Defence Contractor industry. For the quarter ended 31-Dec-2023, the company reported consolidated sales of Rs 4329.58 crore, up 4.42 per cent from the previous quarter?s Rs 4146.12 crore and up 2.8 per cent from the same quarter a year ago. The company reported net profit of Rs 859.58 crore for the latest quarter, up 40.22 per cent from the corresponding quarter last year.
Technical Indicators
The relative strength index (RSI) of the stock stands at 51.96. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition 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
