BEL declines 0.27% as Sensex slides

Shares of Bharat Electronics Ltd. traded at Rs 96.2 on BSE at 01:07PM (IST) on Wednesday, down 0.27 per cent from previous close.

The scrip quoted a 52-week low price of Rs 67.75 and a high of Rs 115.0.

Earlier, the stock saw a gap up opening in the morning.

A total of 397,177 lakh shares changed hands on the counter till 01:07PM (IST).

The stock of Bharat Electronics Ltd. commanded a market value of Rs 70510.13 crore, according to BSE.

The stock traded at a price-to-earning (P/E) multiple of 25.58, 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.

In the BSE500 pack, 226 stocks traded in the green, while 275 stocks were in the red.

The stock's beta value, which measures volatility in relation to the broader market, stood at 1.44.

Promotor/FII Holding
Promoters held 51.14 per cent in Bharat Electronics Ltd. as of 31-Dec-2022 while overseas and domestic institutional investors owned 17.34 per cent and 20.56 per cent, respectively.

Moving averages
The 200-DMA of the stock stood at 96.44 on March 08, while the 50-DMA was at 97.38. If a stock trades below 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 as bearish trend and if trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.