Bharat Electronics Ltd.: Key Stock Update and Financial Insights

Bharat Electronics Ltd.’s shares rise slightly as earnings climb. Explore key financials and trading insights for informed investment decisions!”

trading guide

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.

Comments

Leave a Reply