The scrip had closed at Rs 296.05 in the previous session. The stock quoted a 52-week low of Rs 127.0 and a high of Rs 340.35. The company quoted a market-cap of Rs 217648.66 crore on the BSE.
On BSE, 488,757 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 51.37 times its trailing 12-month EPS of Rs 5.8 per share and 9.02 times its book value. The return on equity (ROE) stood at Rs 24.4.
Key Financials
For the quarter ended 30-Jun-2024, Bharat Electronics Ltd. reported consolidated sales of Rs 4447.15 crore, down 21.07 per cent from the same quarter a year ago. The company reported 46.86 per cent YoY growth in net profit at Rs 791.0 crore for the latest quarter.
Technical indicators
The relative strength index (RSI) of the stock stood at Friday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30. Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a “buy” or “sell” recommendation using a single valuation ratio.
