Top Trending Stock: This stock remains in top trending, all signs of boom are visible, bet to earn profits – top trending stock bharat electronics ltd stock remains in top trending
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Mumbai: There is constant ups and downs in the stock market. There are many stocks in the market in which bumper bounce is being seen. One such stock is of Bharat Electronics Limited. This stock remains in top trending today. Shares of Bharat Electronics Limited (NSE code – BEL) have gained more than 4%. Investors are seeing good buying in the stock. The stock is one of the top trending shares on the exchanges on Monday. It witnessed a trading volume of over 1.34 crore shares in the opening hours. In its recent Q4 results, the company reported a 19.58% increase in net profit to Rs 1,365 crore for March 2023. 1,141 crore in the same quarter of the previous financial year. Meanwhile, revenue is expected to grow by 2% to Rs 6,456 crore in March 2022 from Rs 6,324 crore. EBITDA grew 16% YoY to Rs 1,892 crore as compared to Rs 1,631 crore in Q4 of the previous financial year.
Technically, the stock looks bullish. The stock has registered a strong breakout from its pattern with above-average volumes. It is trading above all its major moving averages. The 14-period daily RSI (72.21) of the stock is in the super bullish zone. This is indicating strength in the stock. Investors can include this stock in their portfolio to earn profits.
Technically, the stock looks bullish. The stock has registered a strong breakout from its pattern with above-average volumes. It is trading above all its major moving averages. The 14-period daily RSI (72.21) of the stock is in the super bullish zone. This is indicating strength in the stock. Investors can include this stock in their portfolio to earn profits.
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