Bharat Electronics Share Price Today on 05-11-2024: At 05 Nov 16:00 today, Bharat Electronics shares are trading at price ₹286.15, 0.74% up from the previous closing price. Sensex is trading at ₹79476.63, up by 0.88%. The stock has hit a high of ₹287.1 and a low of ₹277.15 during the day.
On the technical front, the stock is trading above the 5,10,20,300 days SMA & lower than the 50,100 day SMA. The stock will have support at 5,10,20,300 days SMA & face resistance at 50,100 days SMA
The SMA values for the stock are given below :
Days | Simple Moving Average |
---|---|
5 | 283.12 |
10 | 278.18 |
20 | 280.81 |
50 | 287.03 |
100 | 297.77 |
300 | 256.66 |
The classic pivot level analysis shows that on a daily time frame, the stock has key resistances at ₹289.98, ₹293.62, & ₹300.03, whereas it has key support levels at ₹279.93, ₹273.52, & ₹269.88.
Till 4 PM today, the volume traded on NSE & BSE for Bharat Electronics was 18.37% higher than the previous trading session. Volume traded is an important indicator along with price to study trends. Positive price movement with higher volume suggests a sustainable upmove, and negative price movement with higher volume might be an indication of further decline in prices.
Overall, as per Mint technical analysis, Though the stock is showing signs of bottoming out, investors should exercise patience and await confirmation of a bullish short-term trend for a confirmed reversal..
From a fundamental analysis perspective, the company has a ROE of 26.40% & ROA of 10.51% respectively.The current P/E of the stock is at 45.72 & P/B is at 11.76.
The median 1-year forecasted upside in this share is at 14.28% with a target price of ₹327.00.
The company has a 0.00% promoter holding, 2.74% MF holding, & 17.27% FII holding as per filings in the september quarter.
The MF holding has increased from 2.68% in june to 2.74% in the september quarter.
The FII holding has decreased from 17.43% in june to 17.27% in the september quarter.
Bharat Electronics share price up 0.74% today to trade at ₹286.15 while its peers are mixed. Its peers such as BHARAT DYNAMICS, Data Patterns India are falling today, but its peers Hindustan Aeronautics, Astra Microwave Products are on the rise. Overall, benchmark indices Nifty & Sensex are up 0.91% & 0.88% each respectively.
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