Wednesday, 30 March 2016

BEL clocks 1.5% gains on the bourses

The joint development will strengthen the co-operation of Thales and BTSL in the field of innovative technologies, as per reports. 

BEL gained 1.5% to Rs.1,198 on BSE. Thales and BEL-Thales Systems Limited, the joint venture between BEL and Thales, have signed a partnership agreement for joint development of PHAROS fire control radar during the ongoing Def Expo in Goa, as per media reports.

The joint development will strengthen the co-operation of Thales and BTSL in the field of innovative technologies, as per reports. 

The scrip opened at Rs. 1179.65 and has touched a high and low of Rs. 1204.65 and Rs. 1179.65 respectively. So far 92639(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 28311.6 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1416.7 on 04-Jan-2016 and a 52 week low of Rs. 974.99 on 28-Apr-2015. Last one week high and low of the scrip stood at Rs. 1221.4 and Rs. 1160 respectively.

The promoters holding in the company stood at 75.02 % while Institutions and Non-Institutions held 18.76 % and 6.22 % respectively.

The stock is currently trading above its 200 DMA.

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