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Bharat Electronics is currently trading at Rs. 97.25, up by 5.76 points or 6.30% from its previous closing of Rs. 91.49 on the BSE.

The scrip opened at Rs. 94.80 and has touched a high and low of Rs. 98.35 and Rs. 94.75 respectively. So far 1223956 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 115.00 on 15-Sep-2022 and a 52 week low of Rs. 68.95 on 31-Mar-2022.

Last one week high and low of the scrip stood at Rs. 98.35 and Rs. 89.93 respectively. The current market cap of the company is Rs. 70956.02 crore.

The promoters holding in the company stood at 51.14%, while Institutions and Non-Institutions held 42.39% and 6.47% respectively.

Bharat Electronics has signed two contracts worth of Rs 2,696 crore with Ministry of Defence (MoD) for Indian armed force to bolster the defence capabilities of the country. The first contract is for LYNX U2 Fire Control Systems (13 Nos.) for Indian Navy for Rs 1705 crore is a Naval Gun Fire Control System designed to acquire, track and engage targets amidst sea clutter. The Gun Fire Control System has been designed with an open and scalable architecture, permitting simple and flexible implementation in many different configurations. The system has been developed, upgraded continuously with indigenization as a major focus along with technology upgrades, and delivered to Indian Navy. It has been in service for over two decades, satisfactorily meeting the tactical requirements of Indian Naval ships of various classes like destroyers, frigates, missile, boat, corvettes, etc. The system proposed in the contract is of the fourth generation and is a completely indigenized system, developed in the true spirit of ‘Atmanirbhar Bharat’.

The second contract is for Weapon Locating Radar (Swathi) (12 Nos.) for Indian Army for Rs 991 crore has been primarily designed to locate hostile guns, mortars and rockets. In its secondary role it can track and observe the fall of shot from own weapons to provide corrections to own fire. Detection, location and Tracking of the requisite targets is handled by the advanced algorithms and state of the art hardware. The ability to locate enemy weapons from its first round and transmit the data of the required target to the counter fire elements for retaliatory strike before the target is redeployed is the key feature of the RADAR. SWATHI is a joint development project undertaken by RADAR house LRDE (DRDO) and Bharat Electronics to fulfill the requirement of Indian Army.

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.