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Bharat Electronics Limited (BEL) has announced to the stock exchanges that it has received orders worth ₹1,155 crore. The aerospace and defense company’s shares closed at ₹288.05 on the BSE on Wednesday. Over the past four years, Bharat Electronics’ shares have surged by 745%. The stock’s 52-week high is ₹340.35, while its 52-week low is ₹127.
₹850 Crore Order from Cochin Shipyard
BEL has received an ₹850 crore order from Cochin Shipyard. According to the exchange filing, this order is for the supply of indigenous multi-function radars in the X-band. The radar will be designed by DRDO (Defense Research and Development Organization) and manufactured by BEL. Additionally, BEL has secured another order worth ₹305 crore for the supply of navigational complex systems. With these new orders, Bharat Electronics has achieved ₹7,075 crore in orders in the first five months of the current financial year.
Shares Surge 745% in Four Years
In the past four years, Bharat Electronics Limited’s shares have skyrocketed by 745%. On September 11, 2020, the stock was priced at ₹34.08, whereas on September 11, 2024, it closed at ₹288.05. Over the past three years, the stock has risen by 339%, and in the past year alone, it has increased by 99%. On September 11, 2023, the shares were at ₹144.75, which means they have doubled in the past year. Year-to-date, the shares have risen by 56%, from ₹185.05 on January 1, 2024, to over ₹288 on September 11, 2024.
