Share price of BEL rises as Nifty strengthens
A total of 1,221,775 shares changed hands on the counter till 10:35AM (IST).
Shares of gained 1.4 per cent to Rs 231.35 in Wednesday's trade as of 10:35AM (IST).The stock hit a high price of Rs 232.9 and low of Rs 226.65 during the session.
The return on equity (ROE) for the stock stood at 21.53 per cent. Traded volume on the counter stood at 10:35AM shares and turnover at Rs 28.12 crore around that time.
The stock of quoted a 52-week high and 52-week low prices of Rs 232.9 and Rs 98.75, respectively.
The Beta value of the counter, which measures its volatility in relation to the broader market, stood at 1.44.
Promotor/FII Holding
Promoters held 51.14 per cent stake in the company as of 31-Dec-2023, while overseas investors held 17.77 per cent and domestic institutional investors had 23.36 per cent.
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.
Net profit after tax for the latest quarter stood at Rs 859.58 crore, up 40.22 per cent from the same quarter a year ago.
Source: Stocks-Markets-Economic Times
