Bharat Electronics Share Price Today on : Bharat Electronics share are up by 1.51%, Nifty down by -0.05%

Bharat Electronics Share Price Today on : At 24 Oct 11:04 today, Bharat Electronics shares are trading at price ₹272.7, 1.51% up from the previous closing price. Sensex is trading at ₹80038.93, down by -0.05%. The stock has hit a high of ₹273.1 and a low of ₹268.25 during the day.

On the technical front, the stock is trading above the 300 days SMA & lower than the 5,10,20,50,100 day SMA. The stock will have support at 300 days SMA & face resistance at 5,10,20,50,100 days SMA

The SMA values for the stock are given below :

The classic pivot level analysis shows that on a daily time frame, the stock has key resistances at ₹273.3, ₹278.2, & ₹281.7, whereas it has key support levels at ₹264.9, ₹261.4, & ₹256.5.

Till 11 AM today, the volume traded on NSE & BSE for Bharat Electronics was -43.64% lower 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’s continued downtrend suggests a bearish trend is underway..

From a fundamental analysis perspective, the company has a ROE of 26.40% .The current P/E of the stock is at 46.37 .

The median 1-year forecasted upside in this share is at 19.18% with a target price of ₹325.00.

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 has gained 1.51% today to trade at ₹272.7 in resonance with its peers. Its peers such as are also on the rise. Overall, benchmark indices Nifty & Sensex are down -0.05% & -0.05% each respectively.