Shares of Bharat Electronics Limited (BEL) and Bharat Dynamics Limited (BDL) experienced an uptick in trading today following reports of potential missile system deals. As of 2:35 PM, BEL’s stock was up by 1.32%, trading at ₹300.10, while BDL’s stock rose by 1.74%, reaching ₹1,321.25.
According to Zee Business, there is speculation about India securing missile system deals, specifically mentioning the MR-SAM or Akash NG missile systems. This news has likely contributed to the positive market sentiment surrounding both companies, as they are key players in the defense manufacturing sector, particularly in missile systems.
Expected order size 3000 – 4000 crore.
This development has garnered attention in the stock market, with investors responding to the potential for significant contracts in the defense sector, boosting the share prices of these companies.
This is developing story and more details awaited.
