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Defence stock jumps after receiving ₹593 Cr order for maintenance of Akash Missile System from Indian Air Force

Defence stock starts FY26 with ₹593.22 crore IAF order for Akash maintenance, reinforcing its key role while negotiating additional orders worth ₹5,000 crore.
Defence stock bags ₹593 Cr IAF order, eyes ₹5,000 Cr new deals.
Defence stock bags ₹593 Cr IAF order, eyes ₹5,000 Cr new deals.

Introduction:

A leading defence stock kicked off FY26 with a ₹593.22 crore order from the Indian Air Force for Akash Missile System maintenance, reinforcing its pivotal role in India’s defence ecosystem and highlighting robust demand with ₹5,000 crore orders under negotiation.

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Share Price movement of Bharat Electronics:

On April 3, 2025, Bharat Electronics Limited opened at ₹283.00, reaching a high of ₹285.95, up 1.25% from the previous close of ₹282.40, and a low of ₹282.60. The stock is currently trading at ₹284.30, with a market cap of ₹2,07,817.01 Crores.

Bharat Electronics received a new order:

Bharat Electronics Ltd (BEL), a Navratna Defence PSU, has secured a contract worth ₹593.22 crore from the Indian Air Force for maintenance services of the Akash Missile System, originally supplied by BEL. This marks a strong start to FY26.

The order emphasizes BEL’s critical role in sustaining India’s defence infrastructure and showcases its long-standing partnership with the Indian Armed Forces in missile system development and maintenance services.

Additionally, BEL has concluded negotiations with customers for acquiring future orders estimated at ₹5,000 crore, reflecting strong demand and further strengthening its order book in the defence electronics segment.

Also Read: Retail Stock Jumps 5% after reporting 69% YoY revenue growth in Q4 FY25

Recent news About Bharat Electronics:

BEL reported a provisional turnover of ₹23,000 crore for the financial year ending March 31, 2025, marking a 16% year-on-year growth. This performance surpassed the company’s own revenue growth projections for the year.

Stock performance of Bharat Electronics for Period of 1 week, 6 months and 1 year:

Bharat Electronics stock declined by 6.07% over the past week but managed a modest 1.88% gain over six months. Over the one-year period, it delivered a healthy return of 27.5%, indicating stable long-term performance despite short-term fluctuations in the defence sector.

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Shareholding pattern of Bharat Electronics:

All values in %Dec-24Sep-24Jun-24
Promoters51.1451.1451.14
FII17.3417.2717.43
DII20.9420.2220.62
Retail & others10.5811.3710.82
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About Bharat Electronics:

Bharat Electronics Ltd (NSE : BEL) is a Navratna Defence PSU specializing in advanced electronic products for the Indian Armed Forces. It develops radar systems, communication equipment, and missile systems, playing a vital role in India’s defence modernization and self-reliance in strategic technologies.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

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