BEL stock price up 2.74 per cent as Sensex slides
As of 31-Mar-2024, promoters held 51.14 per cent stake in the company, while FIIs held 17.56 per cent and domestic institutional investors had 18.06 per cent.
Shares of rose 2.74 per cent to Rs 332.9 at 10:10AM hours (IST) on Monday. Earlier in the day, the stock saw a gap up start to the session.As per data available on , total traded quantity on the counter stood at 984,095 shares with a turnover of Rs 32.51 crore till 10:10AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 60.98, while the price-to-book value ratio stood at 9.02.
Return on equity (ROE) was at 24.4 per cent, according to exchange data. The stock hit an intraday high of Rs 333.65 and a low of Rs 325.8 during the session and quoted a 52-week high price of Rs 333.65 and a 52-week low of Rs 121.95.
The stock's beta value, which measures its volatility in relation to the broader market, stood at 1.44.
Technical Indicators
The 200-DMA (day moving average) of the stock stood at Rs 200.25 on July 08, while the 50-DMA was at Rs 278.11. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.
The Relative Strength Index (RSI) of the stood at 70.48. The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30.
Promoter holding
As of 31-Mar-2024, promoters held 51.14 per cent stake in the company, while overseas investors held 17.56 per cent and domestic institutional investors had 22.63 per cent.
Source: Stocks-Markets-Economic Times
