Bharat Electronics shares are down by 1.16%, while the Nifty has risen by 0.14%
On the last trading day, Bharat Electronics opened at ₹282.10 and closed at ₹280.35. The stock traded as high as ₹282.50 and as low as ₹276.70 during the session.
Bharat Electronics Shares
As of September 9 at 11:15 AM, Bharat Electronics shares are trading at ₹280.35, down by 1.16% from the previous closing price. The Sensex is trading at ₹81,363.71, up by 0.22%. The stock has reached a high of ₹282.50 and a low of ₹276.70 today.
From a technical perspective, the stock is trading above the 300-day SMA but below the 5, 10, 20, 50, and 100-day SMAs. It is expected to find support at the 300-day SMA and face resistance at the 5, 10, 20, 50, and 100-day SMAs.
The SMA values for the stock are given below:
Days | Simple Moving Average |
5 | 293.45 |
10 | 297.67 |
20 | 299.32 |
50 | 307.90 |
100 | 285.88 |
300 | 234.17 |
Classic pivot level analysis for the daily time frame reveals key resistance levels for the stock at ₹288.52, ₹293.58, and ₹296.82, while key support levels are at ₹280.22, ₹276.98, and ₹271.92.
As of 11 AM today, the volume traded on NSE and BSE for Bharat Electronics was 54.83% higher than the previous trading session. Trading volume is a crucial indicator for trend analysis, as positive price movement with increased volume suggests a potential uptrend, whereas negative price movement with high volume could signal further declines. According to technical analysis, the stock's ongoing downtrend indicates a bearish trend. From a fundamental perspective, the company has a Return on Equity (ROE) of 26.40%, and the stock's current Price-to-Earnings (P/E) ratio stands at 48.95.
The median 1-year forecasted upside for this share is 16.45%, with a target price of ₹326.48. As of the June quarter, the company has 51.14% promoter holding, 2.68% mutual fund (MF) holding, and 17.43% foreign institutional investor (FII) holding. This represents a decrease in MF holding from 2.88% in March and a drop in FII holding from 17.56% in March. Today, Bharat Electronics' share price is down by 1.16%, trading at ₹280.35, while its peers show mixed performance. Peers such as Hindustan Aeronautics, Bharat Dynamics, Data Patterns India, and Astra Microwave Products are experiencing declines, while other peers are seeing gains. Benchmark indices Nifty and Sensex are up by 0.14% and 0.22%, respectively.
