Share price of BEL jumps as Sensex gains 172.28 points
Promoters held 51.14 per cent stake in the company as of 31-Mar-2024, while FII and DII ownership stood at 17.56 per cent and 18.06 per cent, respectively.
The share price of gained 1.16 per cent to Rs 286.65 at 10:15AM (IST) in Tuesday's trade. The scrip has hit a high of Rs 290.55 and low of Rs 286.1 so far during the session. The stock had closed at Rs 283.35 in the previous session.The counter has had a total traded volume of 677759 shares so far with a value of Rs 19.53 crore on the . It traded at a price-to-earnings multiple of 52.89 and a price-to-book ratio of 9.02.
A higher price-to-earnings ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.
The price-to-book value indicates the inherent value of a company and reflects the price investors are willing to pay even for no growth in the business.
The scrip gained 138.18 per cent during the past one year, while the 30-share index advanced 22.4 per cent during the same period.
belongs to the Defence Contractor industry.
Promotor/FII Holding
Promoters held 51.14 per cent stake in the company as of 31-Mar-2024, while foreign investors and domestic institutional investors ownership stood at 17.56 per cent and 18.06 per cent, respectively.
Key Financials
The company reported consolidated net sales of Rs 8789.51 crore for the quarter ended 31-Mar-2024, up 103.01 per cent from the previous quarter's Rs 4329.58 crore and up 34.29 per cent from the year-ago quarter's Rs 6545.28 crore.
Profit 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
