Bharat Electronics share prices have seen an intriguing movement throughout the day, closing at ₹274, which is 6.61% more than the opening price of ₹257. Interestingly, the opening price itself was lower than the closing price of ₹280.50 on 4th April by a massive 8.37%, which led to major disappointment initially. The same pattern was observed on 4th April, when the stock opened 0.13% lower than the closing price on 3rd April. Of course, the deal with the IAF, estimated to be worth ₹593 crore, could well impact the stock going forward, along with other developments like the failure to meet the order inflow guidance.
Bharat Electronics share prices have touched ₹268.10 at midday, which is about 4.31% more than today’s (7th April) opening price of ₹257. After a disappointing opening, where the price was around 8.37% lower than the closing price of ₹280.50 on 4th April, the share prices seem to have made up a little lost ground by this time. Broader defence sector challenges do pose a threat to share prices for the company, although the midday trends do look encouraging in terms of a possible future turnaround.
The prices did increase rapidly from opening, although the highest point was ₹270.54, with a slight drop to ₹263.51 in the initial hours of trading. They have now settled at the midday figure, showing a majorly downward trend although there has been a slight recovery from the disappointment of the opening.
Bharat Electronics share prices tanked by a huge 8.37% at opening today (7th April), touching ₹257 in comparison to the closing price of ₹280.50. The opening price of ₹287.10 on 4th April was also lower than the closing price of ₹287.50 on 3rd April by 0.13%. At the same time, the opening price for 3rd April was also higher than the closing price on 2nd April.
Of course, the stock is in the news ever since it inked its mega deal of ₹593 crore with the Indian Air Force (IAF). However, it has not permeated into the stock market sentiments yet, with the stock opening lower than its closing price for the second straight day. The huge drop is not as per expectations and it remains to be seen how the price movements pan out by midday.
Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory.
To read the RA disclaimer, please click here
Vaishnavi Tech Park, South Tower, 3rd Floor
Sarjapur Main Road, Bellandur
Bengaluru – 560103
Karnataka
Contact Us