BEL shares fall 0.97% as Nifty gains

Shares of Bharat Electronics Ltd. slipped 0.97 per cent to Rs 122.5 in Tuesday’s trade. It hit a high of Rs 124.25 and low of Rs 122.3 during the session.

On the technical charts, the 200-DMA of the stock stood at Rs 104.05, while the 50-DMA was at Rs 113.34. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.