Bharat Electronics soars on securing orders worth Rs 695 crore
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Bharat Electronics is currently trading at Rs. 307.85, up by 3.30 points or 1.08% from its previous closing of Rs. 304.55 on the BSE.
The scrip opened at Rs. 305.95 and has touched a high and low of Rs. 308.45 and Rs. 304.05 respectively. So far 494825 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 340.35 on 10-Jul-2024 and a 52 week low of Rs. 127.00 on 26-Oct-2023.
Last one week high and low of the scrip stood at Rs. 308.45 and Rs. 297.80 respectively. The current market cap of the company is Rs. 222911.71 crore.
The promoters holding in the company stood at 51.14%, while Institutions and Non-Institutions held 38.04% and 10.82% respectively.
Bharat Electronics (BEL) has secured orders worth Rs 695 crore. Major orders comprise of Combat Management System, Communication equipment, Stabilized Optronic Pedestal, Upgrades, Spares, Services etc. With these, BEL has now accumulated orders totalling Rs 5920 crore in the current financial year.
Earlier, the company had obtained an export order worth Euro 25.75 million (Estimated Value Rs 230 crore) from Thales Reliance Defence Systems (TRDS) for the manufacture and supply of Transmit Receive (TR) modules. The TR modules will be used in the radars of fighter aircrafts.
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.
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