Stock market news: BHEL shares gain 2%

NEW DELHI: Shares of Bharat Heavy Electricals () traded 1.98 per cent up in Wednesday's trade at 10:43AM (IST). Around 30,040,226 shares changed hands on the counter.

The stock opened at Rs 75.95 and touched an intraday high and low of Rs 78.35 and Rs 75.85, respectively, in the session so far. Shares of the company of BHEL quoted a 52-week high of Rs 78.5 and a 52-week low of Rs 26.75.

Total market cap of the Bharat Heavy Electricals Ltd stood at Rs 26916.35 crore at the time of writing this report.
Key Financials
The company reported consolidated net sales of Rs 4532.39 crore for the quarter ended 31-Dec-2020, up 19.49 per cent from previous quarter's Rs 3793.13 crore and up 22.23 per cent from the year-ago quarter's Rs 5827.74 crore. The net loss for latest quarter stood at Rs 217.44 crore.

Shareholding pattern
As of 31-Mar-2021, domestic institutional investors held 1.33 per cent stake in the company, while foreign institutional investors held 4.47 per cent and the promoters 63.17 per cent.

Valuation ratio
According to BSE data, the stock traded at a P/E multiple of -8.43 and a price-to-book ratio of 0.25. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Bharat Heavy Electricals Ltd. belongs to the Capital Goods - Power industry.