Bharat Electronics share price settles at ₹397.90; slips 0.15% on September 22

Key Takeaways

• Bharat Electronics ended at ₹397.90, down ₹0.60 or 0.15%, after trading through a narrow ₹5 intraday range. 
• Volume was comparatively large at nearly 8.8 million shares, while the closing price remained below all three displayed DMAs. 
• The one-month, three-month, six-month and one-year return readings were all negative, ranging from -2.69% to -6.79%. 

Bharat Electronics share price closed September 22 at ₹397.90, down ₹0.60 or 0.15% from the previous close of ₹399. The stock opened at ₹399 and reached ₹401 during the session. Its low was ₹396. The entire day's movement was therefore contained within ₹5. 

The close came ₹1.90 above the low and ₹3.10 below the high. The small price range was accompanied by considerably larger share turnover than several other Nifty 50 constituents, with volume reaching 8,799,483 shares. Bharat Electronics' market capitalisation was approximately ₹290,856 crore. 

Its moving averages were grouped within a fairly narrow band above the closing price. The 50-day DMA stood at ₹405.30, putting the close ₹7.40 lower. The 100-day DMA was ₹410.10, while the 200-day DMA was ₹408.80. The gap to those two averages was ₹12.20 and ₹10.90 respectively. 

The 52-week range ran from ₹380 to ₹473. Bharat Electronics ended September 22 ₹17.90 above the annual low and ₹75.10 below the high. Compared with the full-year band, the day's ₹5 price movement was small. 

All four displayed return periods were negative. The one-month return stood at -3.89%. The three-month reading was -6.79%, while six-month performance was -6.62%. The one-year return was -2.69%, the least negative of the four figures. The stock's daily move was far smaller at -0.15%, with the closing price landing between the session midpoint and the day's low. The combination of a narrow price range and volume approaching 8.8 million shares was the more distinctive numerical feature of Bharat Electronics' September 22 session.