Shutterstock.comShares of Bharat Electronics Ltd. fell 0.63 per cent to Rs 102.25 in Wednesday's trade as of 11:59AM (IST) even as the benchmark Nifty ruled at 18160.05, up 106.75 points.
The scrip had closed at Rs 102.9 in the previous session. The stock quoted a 52-week low of Rs 62.29 and a high of Rs 115.0. The company quoted a market-cap of Rs 74742.49 crore on the BSE.
On BSE, 360,717 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 27.28 times its trailing 12-month EPS of Rs 3.75 per share and 4.18 times its book value. The return on equity (ROE) stood at Rs 19.52.
Key Financials
For the quarter ended 30-Sep-2022, Bharat Electronics Ltd. reported consolidated sales of Rs 4035.38 crore, up 7.89 per cent from the same quarter a year ago. The company reported 0.12 per cent YoY de-growth in net profit at Rs 623.74 crore for the latest quarter.
Technical indicators
The relative strength index (RSI) of the stock stood at Wednesday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold 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.
The scrip had closed at Rs 102.9 in the previous session. The stock quoted a 52-week low of Rs 62.29 and a high of Rs 115.0. The company quoted a market-cap of Rs 74742.49 crore on the BSE.
On BSE, 360,717 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 27.28 times its trailing 12-month EPS of Rs 3.75 per share and 4.18 times its book value. The return on equity (ROE) stood at Rs 19.52.
Key Financials
For the quarter ended 30-Sep-2022, Bharat Electronics Ltd. reported consolidated sales of Rs 4035.38 crore, up 7.89 per cent from the same quarter a year ago. The company reported 0.12 per cent YoY de-growth in net profit at Rs 623.74 crore for the latest quarter.
Technical indicators
The relative strength index (RSI) of the stock stood at Wednesday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold 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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