BEL stock price up 0.14 per cent as Sensex slides

Shares of Bharat Electronics Ltd. rose 0.14 per cent to Rs 107.15 at 12:51PM hours (IST) on Friday. Earlier in the day, the stock saw a gap up start to the session.

As per data available on BSE, total traded quantity on the counter stood at 359,434 shares with a turnover of Rs 3.85 crore till 12:51PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 28.62, while the price-to-book value ratio stood at 4.18.

Return on equity (ROE) was at 19.52 per cent, according to exchange data. The stock hit an intraday high of Rs 108.0 and a low of Rs 106.7 during the session and quoted a 52-week high price of Rs 115.0 and a 52-week low of Rs 62.29.

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 87.22 on November 25, while the 50-DMA was at Rs 105.97. 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 51.11. 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 30-Sep-2022, promoters held 51.14 per cent stake in the company, while overseas investors held 15.99 per cent and domestic institutional investors had 25.58 per cent.

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