Introduction:
Navratna Defence PSU has secured additional orders worth ₹973 crore, further strengthening its diverse portfolio. These orders, including metro rail equipment and defence technologies, boost its market position, raising the total order book for the current financial year to ₹9,801 crore.
Share price movement of BEL:
On December 23, 2024, Bharat Electronics Ltd. opened at ₹293.55, up 0.91% from its previous close of ₹290.90. The stock reached a high of ₹295.20 (1.47%) and a low of ₹287.85. By 4:00 PM, it traded at ₹294.25, a 1.15% increase, with a market cap of ₹2,15,090.24 crore.
BEL secures ₹973 crore orders:
Bharat Electronics Limited (BEL), a Navratna Defence PSU, has secured additional orders worth ₹973 crore, as announced on December 23, 2024. These orders come after the company’s previous disclosure on December 9, 2024.
The major orders include platform screen doors for metro rail, radars, communication equipment, jammers, sonar systems, satcom terminals, and test stations. BEL’s diversified portfolio further strengthens its position in the defence and public sector.
With the addition of these orders, Bharat Electronics Limited’s total order book for the current financial year has surged to ₹9,801 crore, highlighting its strong market position and consistent growth in the defence and public sector segments.
Recent news on BEL:
As of December 19, 2024, Bharat Electronics Ltd secured new orders worth ₹634 crore, including maintenance of the Akash Missile System, communication equipment, and electronic voting machines. This boosts its total order book to ₹8,828 crore for the current fiscal year.
Stock performance of BEL for Period of 1 week, 6 months and 1 year:
Bharat Electronics Ltd. has experienced a decline of 8.02% over the past week and 5.21% over the last six months. However, the stock has shown impressive growth of 66.4% over the past year, reflecting strong long-term performance.
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Shareholding pattern of BEL:
| All values in % | Sep 2024 | Jun 2024 | Mar 2024 |
| Promoter | 51.10% | 51.10% | 51.10% |
| FII | 17.30% | 17.40% | 17.60% |
| DII | 20.20% | 20.60% | 22.60% |
| Public | 11.40% | 11% | 9% |
About BEL:
Bharat Electronics (NSE: BEL), established in 1954, is a Navratna PSU specializing in strategic electronics for defense. It manufactures radar systems, communication equipment, night vision devices, and exports products worldwide, expanding into civilian and international markets.
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.
