Bharat Electronics share price rises 0.74% to ₹385.75 on September 16

Key Takeaways

• Bharat Electronics gained ₹2.85 or 0.74% to ₹385.75 after trading between ₹382 and ₹390 on volume of nearly 10.95 million shares. 
• The closing price was only ₹5.75 above the 52-week low of ₹380, while all three displayed moving averages stood above ₹407. 
• One-month, three-month, six-month and one-year returns were all negative despite the positive September 16 close. 

Bharat Electronics share price closed September 16 at ₹385.75, up ₹2.85 or 0.74% from the previous close of ₹383. The stock opened at ₹384, climbed to ₹390 and fell to ₹382 before recovering part of the range. Its final price was ₹3.75 above the low and ₹4.25 below the high. 

The session covered ₹8 from end to end. Trading volume reached 10,946,250 shares, while market capitalisation stood at ₹2,81,975 crore. The share ended ₹1.75 above its opening price, making the closing movement positive both from the previous session and from the September 16 open. 

Its annual-low positioning was much tighter than the day's percentage gain might suggest. Bharat Electronics' 52-week low stood at ₹380, only ₹5.75 below the closing price. The high was ₹473, leaving a ₹87.25 distance above the close. The entire session, including the ₹382 intraday low, took place close to the lower endpoint of that annual band. 

All three moving averages remained higher. The 50-day DMA stood at ₹407.40, leaving the close ₹21.65 lower. Its 200-day DMA was ₹409.40, or ₹23.65 above the final value. The 100-day DMA came in at ₹411.50, which was ₹25.75 higher. Less than ₹5 separated the three averages themselves. 

Return figures were negative across every displayed period. One month stood at -6.10%, three months at -5.81% and six months at -12.21%. The one-year reading was -3.19%. The six-month figure was the weakest, sitting 9.02 percentage points below the one-year return. 

September 16 provided a positive daily move against that longer set of negative readings. The share still ended close to its 52-week low and below each DMA, while volume exceeded 10 million shares. The day's ₹8 high-low span was narrow compared with the ₹93 spread between the annual high and low.