NEW DELHI: The shares of Bharat Electronics Ltd. were trading up by 0.72% on Friday around 11:06 AM (IST). About 121,040 shares changed hands. The stock opened at Rs 298.00 and reached a high of Rs 301.95 and a low of Rs 297.25 during the day.
Bharat Electronics shares have been as high as Rs 340.35 and as low as Rs 163.95 in the past year. The total market value of the company is Rs 2,19,366.46 crore right now.
Company Performance
For the quarter ending on September 30, 2024, Bharat Electronics reported total sales of Rs 4,762.66 crore. This is up by 7.09% from the previous quarter (Rs 4,447.15 crore) and 14.87% from the same time last year (Rs 4,146.12 crore). The company’s net income for this quarter was Rs 1,092.45 crore, a big jump of 38.4% compared to a year ago.
Share Ownership
As of September 30, 2024, domestic institutions owned 15.81% of Bharat Electronics, while foreign institutions held 17.27%, and the promoters owned 51.14% of the company.
Stock Details
According to NiftyStat data, the stock has a price-to-earnings (P/E) ratio of 48.32, which means investors are willing to pay more because they expect the company to grow. The price-to-book ratio is 9.02, showing how much investors believe the company is worth, even if it is not growing much at the moment. Bharat Electronics Ltd. operates in the Defence Contractor industry.
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