Bharat Electronics Share Price Today on 08-11-2024: At 08 Nov 16:01 today, Bharat Electronics shares are trading at price ₹297.6, -0.87% down from the previous closing price. Sensex is trading at ₹79486.32, down by -0.07%. The stock has hit a high of ₹304.5 and a low of ₹295.85 during the day.
On the technical front, the stock is trading above the 5,10,20,50,300 days SMA & lower than the 100 day SMA. The stock will have support at 5,10,20,50,300 days SMA & face resistance at 100 days SMA
The SMA values for the stock are given below :
Days | Simple Moving Average |
---|---|
5 | 286.45 |
10 | 279.84 |
20 | 281.94 |
50 | 286.24 |
100 | 297.81 |
300 | 258.01 |
The classic pivot level analysis shows that on a daily time frame, the stock has key resistances at ₹302.78, ₹308.02, & ₹311.53, whereas it has key support levels at ₹294.03, ₹290.52, & ₹285.28.
Till 4 PM today, the volume traded on NSE & BSE for Bharat Electronics was 37.51% 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, The stock is currently experiencing a strong bullish trend.
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 48.33 & P/B is at 12.43.
The median 1-year forecasted upside in this share is at 9.88% 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 down -0.87% today to trade at ₹297.6 while its peers are mixed. Its peers such as Hindustan Aeronautics, BHARAT DYNAMICS, Data Patterns India, Astra Microwave Products are falling today, but its peers are on the rise. Overall, benchmark indices Nifty & Sensex are down -0.21% & -0.07% each respectively.
Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.