Bharat Electronics shares surge 9% to hit fresh record high; here’s why
Extending rally for the sixth straight session, BEL shares rose as much as 9.2% to touch a new all-time high of ₹282.80 on the BSE.
Extending rally for the sixth straight session, BEL shares rose as much as 9.2% to touch a new all-time high of ₹282.80 on the BSE.
Global geo-political tensions and India’s rising focus on self-reliance is boosting order flow and revenue growth for domestic defence cos, says Jefferies.
This contract is integral to the next-generation UP Dial 112 project, a state-of-the-art emergency response system that spans the entire state of Uttar Pradesh.
The defence electronics company has received an order of ₹2,118.57 crore from Cochin Shipyard for the supply of various equipment to the Indian Navy.
Shares of BEL gained 2.9% to hit a fresh 52-week high of ₹138.20 on the BSE, while Astra Microwave Products rallied 7.7% to touch a 52-week high of ₹398.60.
Ministry of Defence also inked ₹19,600 crore worth contracts with Indian shipyards.
The PSU company has secured a contract worth ₹3,000 crore from the Indian Army and an ₹1,300-crore ordes from the Indian Navy.
Hindustan Aeronautics and Bharat Electronics hit their record highs on the BSE; Bharat Dynamics surges over 6% in intraday trade