Saturday, April 1, 2023
Google search engine
HomeMarketStocksBEL shares fall 0.98% as Nifty drops

BEL shares fall 0.98% as Nifty drops

Shares of Bharat Electronics Ltd. traded 0.98 per cent down at Rs 106.35 on Tuesday at round 12:38PM (IST), whereas the benchmark BSE Sensex declined 344.85 factors to 62489.75.

As many as 261,528 shares modified palms on the counter with a complete worth of Rs 2.8 crore.

The inventory quoted a 52-week excessive worth of Rs 115.0 and a 52-week low of Rs 62.29.

On the technical charts, the 200-DMA of the inventory stood at Rs 88.59, whereas 50-DMA was at Rs 105.35. If a inventory trades above 50 DMA and 200 DMA, it normally means the quick pattern is up. However, if the inventory trades beneath 50 DMA and 200 DMA each, it’s thought-about a bearish pattern and if it trades between 50DMA and 200DMA, then it suggests the inventory can go anyplace.

Shares of the corporate have superior 53.68 per cent prior to now one 12 months, whereas Sensex has risen 8.32 per cent throughout the identical interval.

In accordance with BSE knowledge, the inventory trades at a price-to-earnings a number of of 28.43 and a price-to-book ratio of 4.18. The next P/E ratio exhibits traders are keen to pay a better worth due to higher future progress expectations. Worth to guide worth signifies the inherent worth of an organization and displays the worth that traders are able to pay even for no progress in a enterprise. The inventory belongs to the Defence Contractor business.

Source link

- Advertisment -
Google search engine

Most Popular

Recent Comments