ReutersShares of Bharat Electronics Ltd. gained 1.03 per cent to Rs 108.25 in Monday's session as of 10:56AM (IST) even as the equity benchmark Sensex traded 171.89 points higher at 62465.53.
Earlier in the day, the stock witnessed a gap down start to the session. The stock quoted a 52-week high price of Rs 115.0 and a 52-week low of Rs 62.29 on NSE. Around 264663 shares changed hands on the counter till 10:56AM (IST).
The stock opened at Rs 107.1 and has touched an intraday high and low of Rs 108.7 and Rs 107.1 during the session so far. The scrip quoted a price-to-earnings (PE) ratio of 28.84, earnings per share (EPS) of Rs 3.75 and price to book value (PB) of 4.18, while the return on equity (ROE) stood at Rs 19.52.
Promoter/ FII Holding
The promoters held 51.14 per cent stake in the company as of November 28, while FII and MF ownerships stood at 15.99 per cent and 21.19 per cent, respectively.
Key Financials
With a market capitalisation of Rs 79018.71 crore, the company operates in the Defence Contractor industry. For the quarter ended 30-Sep-2022, the company reported consolidated sales of Rs 4035.38 crore, up 25.21 per cent from the previous quarter?s Rs 3222.82 crore and up 7.89 per cent from the same quarter a year ago. The company reported net profit of Rs 623.74 crore for the latest quarter, down 0.12 per cent from the corresponding quarter last year.
Technical Indicators
The relative strength index (RSI) of the stock stands at 54.06. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30. Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation ratio.
Earlier in the day, the stock witnessed a gap down start to the session. The stock quoted a 52-week high price of Rs 115.0 and a 52-week low of Rs 62.29 on NSE. Around 264663 shares changed hands on the counter till 10:56AM (IST).
The stock opened at Rs 107.1 and has touched an intraday high and low of Rs 108.7 and Rs 107.1 during the session so far. The scrip quoted a price-to-earnings (PE) ratio of 28.84, earnings per share (EPS) of Rs 3.75 and price to book value (PB) of 4.18, while the return on equity (ROE) stood at Rs 19.52.
Promoter/ FII Holding
The promoters held 51.14 per cent stake in the company as of November 28, while FII and MF ownerships stood at 15.99 per cent and 21.19 per cent, respectively.
Key Financials
With a market capitalisation of Rs 79018.71 crore, the company operates in the Defence Contractor industry. For the quarter ended 30-Sep-2022, the company reported consolidated sales of Rs 4035.38 crore, up 25.21 per cent from the previous quarter?s Rs 3222.82 crore and up 7.89 per cent from the same quarter a year ago. The company reported net profit of Rs 623.74 crore for the latest quarter, down 0.12 per cent from the corresponding quarter last year.
Technical Indicators
The relative strength index (RSI) of the stock stands at 54.06. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30. Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation ratio.
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