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Over the past 12 months, BEL's stock has witnessed a remarkable ascent, registering an 86.5% increase, reflecting investor confidence in the company's growth trajectory and its pivotal role in advancing India's defense capabilities.
The state-owned defense company reported a standalone net profit of ₹812.34 crore for Q2FY24.
The acquisition proposals were confirmed at a meeting of the Defence Acquisition Council (DAC), the ministry’s highest decision-making body on the matter.
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