Bharat Electronics climbs on bagging orders worth Rs 2,191 crore
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Bharat Electronics is currently trading at Rs. 123.00, up by 2.40 points or 1.99% from its previous closing of Rs. 120.60 on the BSE.
The scrip opened at Rs. 121.15 and has touched a high and low of Rs. 126.70 and Rs. 120.70 respectively. So far 1276873 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 127.40 on 16-Jun-2023 and a 52 week low of Rs. 74.75 on 06-Jul-2022.
Last one week high and low of the scrip stood at Rs. 126.70 and Rs. 117.95 respectively. The current market cap of the company is Rs. 89508.24 crore.
The promoters holding in the company stood at 51.14%, while Institutions and Non-Institutions held 41.92% and 6.94% respectively.
Bharat Electronics (BEL) has received new Defence and non-Defence orders worth Rs 2,191 crore. Orders are for supply of Long Range Guidance Kit with Warhead, Airborne V/UHF Jammer, Battlefield Surveillance Radar (Short Range) Upgrade, Missile Guidance Radar & Control Centre, Upgraded Radio Relay (F) with Data Modem Encryption Unit Mk II, Identify Friend or Foe Mk XII A, Anti-Submarine Warfare Shallow Water Craft (ASW SWC) Sonar and Spares.
These orders are in addition to the Rs 5,900 crore orders, which are already received. With this, BEL has in all received orders to the tune of Rs 8,091 crore till now in the financial year 2023-24.
BEL is a multi-product, multi-technology, multi-unit conglomerate with various products in the areas of military communication, radars, naval systems, C4I systems, weapon systems, homeland security, telecom & broadcast systems, electronic warfare, tank electronics, electro-optics, professional electronic components and solar photovoltaic systems.
