Shares of Bharat Electronics Ltd (BEL) were in focus today, slipping marginally by 0.7% to ₹382.15 even as Zee Business reported that the company will play a lead role in Project Kush, a major defence programme for the Indian Army.
According to the Zee Business report, BEL will be responsible for manufacturing a new-generation missile system, which will include four variants designed to strengthen India’s defence capabilities. The trial of the first variant is expected to be completed within the next one year.
Project Kush is seen as a critical step in enhancing India’s indigenous defence production capabilities under the ‘Make in India’ and self-reliance initiatives. Analysts believe BEL’s participation not only expands its order book visibility but also strengthens its long-term positioning as the country’s leading defence electronics manufacturer.
With a market cap of ₹2.80 lakh crore and an average daily volume of 12.6 million shares, BEL remains one of the most actively traded PSU defence counters. Market watchers say any formal announcements around Project Kush are likely to act as a significant trigger for the stock in the coming quarters.
