Bharat Electronics closed today (March 26) at ₹299.25, which is 0.60% lower than the opening price of ₹301.07. The opening price was also higher by 0.68% than the closing price of ₹299.30 yesterday. At the same time, the opening price on March 25 stood at ₹296.90, while it was ₹296.90 on March 24 as well. The latter was higher than the closing price of ₹295.74 on March 21. Considering these developments, the lower closing may have come as a surprise to several analysts who were expecting a further surge.
At midday, the stock prices touched ₹304.8,5, and this was 1.25% higher than the opening price as well. The peak was around ₹304.96 today, while there was a slump to ₹298.72 before midday.
Bharat Electronics has touched ₹304.85 at midday trading, which is approximately 1.25% higher than the opening price of ₹301.07 today (March 26). The stock has peaked today at ₹304.96 after hitting a slump of ₹298.72 sometime earlier. Yet, after this initial drop, the stock price has surged positively, with a clearly-defined growth curve witnessed for the same until now. This is indicative of positive sentiments among investors surrounding the stock.
With the dividend payment date coming up soon for the company, the stock price momentum may persist, although it remains to be seen whether prices hold up till the end of the trading session today.
Bharat Electronics opened strong at ₹301.07 today (March 26) in comparison to the closing price of ₹299.30 yesterday, indicating decent growth of 0.68%. The defence PSU stock is holding up well as seen from the higher closing price yesterday than the opening price of ₹296.90 on March 25. On March 24, it had an opening price of ₹296.90, while closing at ₹295.74 on March 21. At the same time, the opening price was ₹301 on March 21, while the closing price on March 20 was ₹297.05.
The stock has thus opened higher than the closing price for three straight days, which may indicate positive sentiments of investors revolving around it. The interim declaration dividend, IAF order, and other developments may impact the stock going forward, along with the exit of a Swedish pension fund.
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