BEL shares up 1.47% as Nifty gains

Shares of Bharat Electronics Ltd. gained 1.47 per cent to Rs 137.25 in Friday’s trade. It hit a high of Rs 137.5 and low of Rs 135.75 during the session.

On the technical charts, the 200-DMA of the stock stood at Rs 111.88, while the 50-DMA was at Rs 133.05. 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.