BEL shares down 0.62% as Nifty falls

Shares of Bharat Electronics Ltd. rose 0.62 per cent to Rs 96.95 in Monday's trade. It hit an intraday high of Rs 99.15 and low of Rs 96.83, respectively, during the day.

The stock quoted a 52-week high price of Rs 115.0 and low of Rs 68.94.

As of 11:58AM (IST), the counter saw total traded volume of 698,545 shares with a traded value of Rs 6.82 crore, according to NSE.

The stock had closed at Rs 97.55 in the previous session.

The scrip has advanced 1.13 per cent in the past one month till date, while the benchmark BSE Sensex has slipped -0.09 per cent during the same period.

According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 25.72 while price-to-book ratio stood at 4.18. A higher P/E ratio shows that 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 it reflects the price investors are ready to pay even for no growth in a business.

The stock belongs to the Defence Contractor industry.

Promoter/FII Holding
Promoters held 51.14 per cent stake in the company as of 31-Dec-2022, while FII and MF ownership in the firm stood at 17.34 per cent and 20.56 per cent, respectively.

Key Financials
The company reported consolidated 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. Its net profit for the latest quarter stood at Rs 613.01 crore, up 2.88 per cent from the same quarter a year ago.