Share price of BEL rises as Nifty weakens

Shares of Bharat Electronics Ltd. gained 0.62 per cent to Rs 137.4 in Thursday's trade as of 11:16AM (IST).

The stock hit a high price of Rs 137.75 and low of Rs 136.3 during the session.

The return on equity (ROE) for the stock stood at 21.53 per cent. Traded volume on the counter stood at 11:16AM shares and turnover at Rs 1.69 crore around that time.

The stock of Bharat Electronics Ltd. quoted a 52-week high and 52-week low prices of Rs 147.2 and Rs 87.0, respectively.

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

Promotor/FII Holding
Promoters held 51.14 per cent stake in the company as of 30-Jun-2023, while overseas investors held 17.35 per cent and domestic institutional investors had 24.83 per cent.

Key Financials
The company reported consolidated sales of Rs 3673.17 crore for the quarter ended 30-Jun-2023, down 43.88 per cent from previous quarter's Rs 6545.28 crore and down 13.97 per cent from the year-ago quarter's Rs 3222.82 crore.

Net profit after tax for the latest quarter stood at Rs 538.6 crore, up 47.3 per cent from the same quarter a year ago.