Shares of Bharat Electronics Ltd (BEL) remained in focus on Thursday after a large block deal involving 15,57,773 shares was executed on the NSE at ₹421.25 per share.
The total transaction value of the deal stood at approximately ₹65.6 crore.
The identities of the buyer and seller involved in the transaction were not immediately disclosed.
Following the block deal, BEL shares traded higher in early trade. The stock was quoted at ₹423.25, up 2.41% or ₹9.95 on the NSE around 9:59 AM on May 21.
During the session, the defence PSU stock touched an intraday high of ₹426.10 and a low of ₹419.35, compared with its previous closing price of ₹413.30.
BEL currently commands a market capitalisation of approximately ₹3.09 lakh crore. The stock has traded within a 52-week range of ₹361.20 to ₹473.45.
The company remains one of the most actively traded defence counters in the market amid strong investor interest in India’s defence manufacturing and indigenisation theme.
BEL trades at a price-to-earnings (P/E) ratio of 51.06 and offers a dividend yield of 0.67%.
The stock has also seen continued momentum in recent months following multiple defence order wins, robust execution visibility, and strong order book growth expectations.
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