The board of the state-run company will consider bonus issue of shares on 4 August 2022.
Shares of Bharat Electronics (BEL) jumped 2.80% to settle at Rs 282.75 on the BSE.On the BSE, 19.07 lakh shares were traded in the counter today compared with average daily volumes of 5.34 lakh shares in the past two weeks. The stock hit a high of Rs 287.75 and a low of Rs 272.95 during the day.
The stock hit a 52-week high of Rs 287.75 today, 1 August 2022. It hit a 52-week low of Rs 162.4 on 9 August 2021.
The stock had outperformed the market over the past one month, rising 23.20% compared with 9.84% rise in the Sensex.
The scrip outperformed the market in past three months, gaining 18.80% as against Sensex's 1.85% rise.
The scrip had also outperformed the market in past one year, jumping 53.09% as against Sensex's 10.51% rise.
State-run BEL is a Navratna PSU under the Ministry of Defence, Government of India. It manufactures electronic products and systems for the Army, Navy and the Air Force. The Government of India held 51.14% stake in BEL as on 31 March 2022.
BEL reported a standalone net profit of Rs 431.49 crore in Q1 FY23, steeply higher from Rs 11.15 crore in Q1 FY22. Net sales soared 95.8% YoY to Rs 3,063.58 crore in Q1 FY23.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve hit your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Quarterly Starter
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Access to Exclusive Premium Stories Online
Over 30 behind the paywall stories daily, handpicked by our editors for subscribers
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app