Bharat Electronics Ltd (BEL) witnessed a strong rally, with its stock jumping over 2% after securing additional orders worth ₹843 crore. This latest deal further reinforces BEL’s position in the defence and technology sector, driving confidence among investors.
The newly acquired contracts include advanced RF seekers, vessel and air traffic management systems, an electro-optic repair facility, radar upgradation, and essential spares and services. These projects highlight BEL’s expertise in cutting-edge defence technology and its crucial role in India’s strategic infrastructure.
With this latest win, BEL’s total order inflow for FY25 has now reached an impressive ₹14,567 crore.
In the meantime, Morgan Stanley has reiterated its overweight stance on Bharat Electronics Ltd (BEL), setting a target price of ₹364 per share. The firm cited strong order inflows, with new contracts worth ₹8.43 billion. These include RF seekers, vessel projects, air traffic management systems, electro-optic repair facilities, radar upgrades, spares, and more.
Bharat Electronics shares opened at ₹271.95, reaching a high of ₹278.50 and a low of ₹269.05. The stock’s 52-week high stands at ₹340.50, while the low is ₹179.10.
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