Share price of BEL jumps as Sensex gains 316.03 points

The share price of Bharat Electronics Ltd. gained 2.7 per cent to Rs 94.12 at 10:15AM (IST) in Friday's trade. The counter has hit a high of Rs 94.67 and low of Rs 93.14 so far during the session. The stock had closed at Rs 91.65 in the previous session.

The counter has had a total traded volume of 210301 shares so far with a value of Rs 1.98 crore on the NSE. It traded at a price-to-earnings multiple of 25.04 and a price-to-book ratio of 4.18.

A higher price-to-earnings ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

The price-to-book value indicates the inherent value of a company and reflects the price investors are willing to pay even for no growth in the business.

The scrip gained 34.84 per cent during the past one year, while the 30-share index advanced 3.96 per cent during the same period.

Bharat Electronics Ltd. belongs to the Defence Contractor industry.

Promotor/FII Holding
Promoters held 51.14 per cent stake in the company as of 31-Dec-2022, while foreign investors and domestic institutional investors ownership stood at 17.34 per cent and 20.56 per cent, respectively.

Key Financials
The company reported consolidated net sales of Rs 4211.76 crore for the quarter ended 31-Dec-2022, up 4.37 per cent from the previous quarter's Rs 4035.38 crore and up 11.97 per cent from the year-ago quarter's Rs 3761.56 crore.

Profit for the latest quarter stood at Rs 613.01 crore, up 2.88 per cent from the same quarter a year ago.