BEL Share Value: BEL shares down 0.41% as Nifty positive aspects

NEW DELHI: Shares of Bharat Electronics Ltd. traded 0.41 per cent down in Monday’s commerce at 11:52AM (IST). Round 361,981 shares modified palms on the counter.

The scrip opened at Rs 134.35 and touched an intraday excessive and low of Rs 134.35 and Rs 130.9, respectively, within the session thus far. Shares of the corporate of Bharat Electronics Ltd. quoted a 52-week excessive of Rs 147.2 and a 52-week low of Rs 87.0.

As per BSE, the full market cap of the Bharat Electronics Ltd. stood at Rs 95977.4 crore on the time of penning this report.

Key Financials
The corporate reported consolidated web gross sales of Rs 4146.12 crore for the quarter ended 30-Sep-2023, up 12.88 per cent from earlier quarter’s Rs 3673.17 crore and up 2.74 per cent from the year-ago quarter’s Rs 4035.38 crore.

The online revenue for contemporary quarter stood at Rs 789.35 crore, up 26.55 per cent from the corresponding quarter final yr.

Shareholding sample
As of 30-Sep-2023, home institutional buyers held 18.85 per cent stake within the firm, whereas overseas institutional buyers held 17.18 per cent and the promoters 51.14 per cent.
Valuation ratio
In line with BSE information, the inventory traded at a price-to-earnings a number of of 28.88 and a price-to-book ratio of 5.14. A better P/E ratio reveals buyers are prepared to pay a better worth due to higher future development expectations. Value-to-book worth signifies the inherent worth of an organization and is the measure of the worth that buyers are able to pay even for no development within the enterprise.

Bharat Electronics Ltd. belongs to the Defence Contractor trade.

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