BEL shares up 0.36% as Nifty drops

Shares of Bharat Electronics Ltd. gained 0.36 per cent to Rs 126.45 in Tuesday’s trade. It hit a high of Rs 126.65 and low of Rs 125.35 during the session.

On the technical charts, the 200-DMA of the stock stood at Rs 105.53, while the 50-DMA was at Rs 119.46. 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.