New Delhi: Bharat Electronics Limited (BEL) is a government company in the aerospace and defense electronics sector. It specializes in manufacturing advanced electronic products for aerospace and ground applications. It is one of the nine Public Sector Undertakings (PSUs) under the Ministry of Defence. On Monday, there was a lot of growth in the shares of the company. In the morning trade, it had risen by 4.19 per cent to Rs 118.30. This is the company’s 52-week top level. Also, the volume of the company showed a growth of more than 1.06 times. There has been a good growth in the sales of the company. Compared to the fourth quarter of the financial year 2022, the company’s sales in the fourth quarter of the financial year 2023 increased by 56 percent to Rs 6,479 crore. During this period, the company’s net profit saw a significant increase. Compared to the fourth quarter of the financial year 2022, this time it increased by 125 percent to Rs 1,382 crore. The company has given 40.8% return in the last year and 376.47% in the last three years. Not only this, the company’s sales growth has increased at the rate of 11 percent (CAGR) and profit at 18 percent (CAGR). The company’s RoCE stood at 28.7% and ROE at 22.8%. This shows the strong financial performance of the company. Not only this, the dividend payout ratio of the company stood at 40.5 per cent. Investors should keep a close watch on this trending stock.
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