01-01-1970 12:00 AM | Source: Accord Fintech
Bharat Electronics moves up on bagging orders worth around Rs 5900 crore.
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Bharat Electronics is currently trading at Rs. 126.15, up by 0.95 points or 0.76% from its previous closing of Rs. 125.20 on the BSE.

The scrip opened at Rs. 126.00 and has touched a high and low of Rs. 126.30 and Rs. 125.00 respectively. So far 172247 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. 74.68 on 06-Jul-2022.

Last one week high and low of the scrip stood at Rs. 127.40 and Rs. 120.10 respectively. The current market cap of the company is Rs. 91518.43 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 has bagged orders worth around Rs 5900 crore as of June 20, 2023 in the financial year 2023-24. The company has received order for 2 Regiments of Improved Akash Weapon System (AWS) with upgrades from BDL for a value of Rs 3914 crore. Akash is an all-weather, point/area air-defence weapon system intended for defending vulnerable points/areas against threats emanating from low, medium and high altitudes. The system uses high mobility vehicles for mobile application.

The company has secured other significant orders valued at Rs 1984 crore for Shakti EW & Sanket MK III (Naval Systems), GBMES & GBVU Com Jammer systems, MKBT systems, IFF-MKXII Crypto Modules & Up gradation of SDP & Display of Rohini Radar, Training system for CMS P15B & CAMC of CMS for P 28 etc.

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