Bharat Electronics trades higher on the BSE
Bharat Electronics is currently trading at Rs. 281.90, up by 0.45 points or 0.16% from its previous closing of Rs. 281.45 on the BSE.
The scrip opened at Rs. 280.40 and has touched a high and low of Rs. 281.90 and Rs. 276.65 respectively. So far 731473 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. 221.00 on 13-May-2024.
Last one week high and low of the scrip stood at Rs. 288.30 and Rs. 252.25 respectively. The current market cap of the company is Rs. 205185.49 crore.
The promoters holding in the company stood at 51.14%, while Institutions and Non-Institutions held 38.28% and 10.59% respectively.
Bharat Electronics (BEL) has signed a contract with Ministry of Defence valued at Rs 2,210 crore (excluding taxes) for supply of EW suite for Mi 17 V5 Helicopters of Indian Air Force. These systems are indigenously designed and developed by CASDIC, DRDO and manufactured by the company. The EW Suite comprises Radar Warning Receiver (RWR), Missile Approach Warning System (MAWS) and Counter Measure Dispensing System (CMDS) which significantly enhance the combat survivability of the helicopters along with effective counter measures.
With this, BEL has now accumulated orders totalling Rs.2,803 crore in the current financial year.
Bharat Electronics (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.
