On Friday, shares of Bharat Electronics Ltd. increased by 0.65% to reach Rs 294.70 as of 12:23 PM (IST). During the day, the stock climbed to a high of Rs 297.30 and dropped to a low of Rs 294.40. The company’s return on equity (ROE) is quite impressive, sitting at 24.4%. Around noon, about 12:23 PM, the trading volume was good, with total transactions amounting to Rs 3.74 crore.
Bharat Electronics Ltd. has seen its price reach a 52-week high of Rs 340.35 and a low of Rs 171.70. The stock’s Beta value, which shows how much it can go up or down compared to the market, is 1.4399, indicating a bit more volatility.
In terms of ownership, as of September 30, 2024, the promoters own 51.14% of the company, Foreign Institutional Investors (FIIs) hold 17.27%, and domestic institutional investors possess 15.81%.
Key Financial Information
In the quarter ending September 30, 2024, Bharat Electronics Ltd. reported sales of Rs 4762.66 crore, which is up 7.09% from the previous quarter and 14.87% from the same time last year. The net income after tax for this quarter was Rs 1092.45 crore, a significant increase of 38.4% compared to the same quarter a year ago.
Market Analysis
According to technical indicators, the MACD is showing a bearish trend. The MACD helps traders see when a stock’s price might change direction. When the MACD goes below its signal line, it suggests that the stock price may go down soon, and vice versa.
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