Bharat Electronics jumps after Q1 result

Bharat Electronics surged 5.17% to Rs 97.65 at 10:30 IST on the BSE after consolidated net profit rose 11.76% to Rs 210.59 crore on 2.05% decline in net sales to Rs 2061.72 crore in Q1 June 2019 over Q1 June 2018.

The result was announced after market hours yesterday, 29 July 2019.

Meanwhile, the S&P BSE Sensex was up by 135.72 points or 0.36% to 37,822.33.

On the BSE, 4.57 lakh shares were traded in the counter so far compared with average daily volumes of 6.6 lakh shares in the past two weeks. The stock had hit a high of Rs 98.2 and a low of Rs 93.35 so far during the day. The stock hit a 52-week high of Rs 124.2 on 10 Aug 2018 and hit a 52-week low of Rs 72.55 on 14 Feb 2019.

 

The order position book of the company as on 1 July 2019 is Rs 51,715 crore.

Bharat Electronics is engaged in manufacture and supply of strategic electronic products primarily to defense services.

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