Share price of BEL falls as Sensex gains 152.71 points

Share price of Bharat Electronics Ltd. dropped 1.01 per cent to Rs 107.5 at 01:55PM (IST) in Friday's trade. The stock hit a high of Rs 108.75 and low of Rs 106.6 so far during the session. The stock had closed at Rs 108.6 in the previous session.

The counter had a total traded volume of 01:55PM shares so far with a turnover of Rs 4.08 crore on BSE. The stock traded at a price-to-earnings multiple of 28.51 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 is the measure of the price that investors are ready to pay even for no growth in the business.

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-Mar-2023, while overseas investors and domestic institutional investors ownership stood at 16.42 per cent and 25.42 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.

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