Bharat Electronics moves up on bagging orders worth Rs 2282.06 crore
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Bharat Electronics is currently trading at Rs. 177.40, up by 0.95 points or 0.54% from its previous closing of Rs. 176.45 on the BSE.
The scrip opened at Rs. 177.50 and has touched a high and low of Rs. 178.75 and Rs. 175.25 respectively. So far 68968 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 196.25 on 23-Jan-2024 and a 52 week low of Rs. 89.68 on 16-Mar-2023.
Last one week high and low of the scrip stood at Rs. 187.00 and Rs. 171.70 respectively. The current market cap of the company is Rs. 128981.05 crore.
The promoters holding in the company stood at 51.14%, while Institutions and Non-Institutions held 41.14% and 7.72% respectively.
Bharat Electronics (BEL) has received order worth Rs 2282.06 crore. Out of which, The company has received a order for a value of Rs 2,167.47 crore plus taxes from Indian Navy on February 13, 2024 for the supply of state of the art indigenously designed and developed EW suite for use on-board warship. This EW suite is a big leap towards the Aatmanirbhar Bharat initiative of BEL.
Further, the company has also received additional orders worth Rs 114.59 crore and these orders pertain to the supply of SDRs, HD VLF receivers, EVMs etc. With the above, the company has received cumulative orders of Rs 30,776.06 crore in the current financial year.
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.
