Bharat Electronics share price closes at ₹392; falls 1.02% on September 24

Key Takeaways

• Bharat Electronics closed at the session low of ₹392 after a 1.02% decline, with only ₹6 separating the day’s low from the ₹398 high. 
• The close was below the 50-day, 100-day and 200-day DMAs of ₹404.70, ₹409.60 and ₹408.60, which themselves were closely grouped. 
• The 52-week low was ₹380, only ₹12 below the close, and all four displayed return periods were negative. 

Bharat Electronics share price ended September 24 at ₹392, down ₹4.05 or 1.02%. The previous close was ₹396. The stock opened at ₹394, reached ₹398 and fell to ₹392. The closing price matched the displayed intraday low, while only ₹6 separated the low from the high. It was a comparatively narrow session in absolute rupee terms. 

Trading volume reached 6,870,163 shares. Market capitalisation stood at ₹286,543 crore. The opening-to-closing difference was ₹2, while the stock finished ₹6 below the session high. The daily range was therefore small beside the broader 52-week price band. 

All three displayed moving averages sat above the close and were relatively close to one another. The 50-day DMA was ₹404.70, or ₹12.70 above ₹392. The 100-day DMA stood at ₹409.60 and the 200-day DMA at ₹408.60, gaps of ₹17.60 and ₹16.60. Only ₹1 separated the 100-day and 200-day readings. 

The 52-week range was ₹380 to ₹473. At the September 24 close, Bharat Electronics was just ₹12 above its annual low and ₹81 below its annual high. The entire 52-week spread measured ₹93, compared with only ₹6 between the day’s high and low. 

Returns were negative over each displayed interval. The one-month figure stood at -5.31%, three months at -6.67%, six months at -3.33% and one year at -3.08%. The differences between those readings were relatively contained, with only 3.59 percentage points separating the weakest three-month return from the strongest one-year figure. 

The annual low and daily close were among the closest important levels in the dataset, separated by ₹12. That was almost the same as the ₹12.70 gap to the 50-day DMA. The 100-day and 200-day averages were even more tightly grouped at ₹409.60 and ₹408.60. Volume nevertheless exceeded 6.8 million shares during the session.