BEL shares drop 0.55% as Sensex falls

Shares of Bharat Electronics Ltd. traded 0.55 per cent down at Rs 117.35 at 12:35PM (IST) on Thursday, even as BSE benchmark Sensex dropped 87.75 points to 63055.21. The stock had settled at Rs 118.0 in the previous session.

The stock quoted a 52-week high and 52-week low of Rs 119.0 and Rs 74.54, respectively.

As per BSE data, total traded volume on the counter till 12:35PM (IST) stood at 12:35PM shares with turnover at Rs 3.41 crore.

At the current price, shares of the company trades at 28.68 times its trailing 12-month EPS of Rs 4.08 per share and 5.14 times its price-to-book value, BSE data showed.

A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future. 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.

The Beta value of the stock, which measures its volatility in relation to the broader market, stood at 1.44.

Shareholding Details
Promoters held 51.14 per cent stake in the company as of 31-Mar-2023, while FIIs owned 16.42 per cent and DIIs 25.42 per cent.