Bharat Electronics gains on securing order of Rs 1,109 crore from Defence ministry
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Bharat Electronics is currently trading at Rs. 209.00, up by 1.70 points or 0.82% from its previous closing of Rs. 207.30 on the BSE.
The scrip opened at Rs. 212.40 and has touched a high and low of Rs. 212.55 and Rs. 208.50 respectively. So far 122263 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 227.95 on 12-Nov-2021 and a 52 week low of Rs. 120.55 on 12-Apr-2021.
Last one week high and low of the scrip stood at Rs. 212.55 and Rs. 203.65 respectively. The current market cap of the company is Rs. 50510.57 crore.
The promoters holding in the company stood at 51.14%, while Institutions and Non-Institutions held 43.98% and 4.89% respectively.
Bharat Electronics (BEL) has secured an order form Defence ministry for the development of an electronic warfare equipment for the Indian Air Force at a cost of Rs 1,109 crore. The ministry described the contract for the development of the Instrumented Electronic Warfare Range (IEWR) as a ‘significant step’ toward enhancing the capabilities of the IAF to prepare for future warfare.
BEL is a multi-product, multi-technology, multi-unit conglomerate with over 350 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.
