As of 12:27 PM IST on Thursday, shares of Bharat Electronics Ltd. were priced at Rs 292.65, which is a decrease of 0.42% from the previous day’s closing price of Rs 293.90. This change came as the BSE Sensex dropped significantly, losing 816.01 points and standing at 79,323.42.
The stock has been on a rollercoaster ride, hitting a 52-week high of Rs 340.35 and a low of Rs 171.70. According to data from NiftyStat, the total number of shares traded by that time reached a significant amount, with a turnover of Rs 12.69 crore.
At the current price of Rs 292.65, the stock is valued at 47.11 times its earnings per share (EPS) of Rs 6.21 from the past 12 months. This high Price-to-Earnings (P/E) ratio suggests that investors are optimistic about the company’s future growth. It also trades at a Price-to-Book (P/B) value of 9.02, which reflects what investors are willing to pay for the company, even if it is not growing at the moment.
The stock’s Beta value, which tells us how much its price moves compared to the overall market, is 1.4399 means it has higher volatility.
Shareholding details reveal that the promoters own 51.14% of the company as of September 30, 2024. Foreign Institutional Investors (FIIs) hold 17.27%, while Domestic Institutional Investors (DIIs) own 20.11%.
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