Bharat Electronics shares slip 7% from record high levels

Bharat Electronics shares slip 7% from record high levels; here's what analysts say Shares of Bharat Electronics Ltd (BEL) slipped 0.69 per cent in Wednesday's trade to hit a low of Rs 315.80. At this price, the stock has fallen 7.21 per cent from its all-time high value of Rs 340.35, a level seen earlier this month on July 10. Despite the mentioned drop, the scrip has gained over 70 per cent on a year-to-date (YTD) basis. On the earnings front, the defence PSU reported a 46.17 per cent year-on-year (YoY) rise in its net profit at Rs 776.14 crore for the quarter ended on June 30, 2024 (Q1 FY25). The Navratna PSU's revenue from operations was up 19.6 per cent YoY at Rs 4,199 crore. During the quarter under review, the state-run defence player's order book stood at Rs 76,705 crore. EBITDA, or earnings before interest, taxes, depreciation, and amortisation, jumped 41 per cent YoY to Rs 937 crore in Q1 FY25. [Read more](/dHJpc3RyYW1iYWxkd2luODVAZ21haWwuY29t/aHR0cHMlM0ElMkYlMkZ3d3cuYnVzaW5lc3N0b2RheS5pbiUyRm1hcmtldHMlMkZjb21wYW55LXN0b2NrJTJGc3RvcnklMkZiaGFyYXQtZWxlY3Ryb25pY3Mtc2hhcmVzLXNsaXAtNy1mcm9tLXJlY29yZC1oaWdoLWxldmVscy1oZXJlcy13aGF0LWFuYWx5c3RzLXNheS00Mzk1NzMtMjAyNC0wNy0zMQ==) Â In order to unsubscribe from this mailing list, please click, please Click [here](/dHJpc3RyYW1iYWxkd2luODVAZ21haWwuY29t)