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Shares of state-run defense company Bharat Electronics Limited (BEL) have seen a sharp jump on Monday. Shares of the defense company on Monday rose 6.85 percent to Rs. reached 145. Bharat Electronics Limited Rs. Orders of more than 3000 crores have been received. The company’s stock touched a 52-week high of Rs. is 147.20. At the same time, shares of Bharat Electronics hit a 52-week low of Rs. There are 87.
From Cochin Shipyard Rs. 2118 crore order received
Bharat Electronics Limited (BEL) received from Cochin Shipyard Limited Rs. 2118.57 crore order received. The government defense company has received the order to supply sensors, weapon equipment, fire control systems and communication equipment. The order is for Next Generation Missile Vessels (NGMV). Apart from this, Bharat Electronics has received other orders worth Rs 886 crore.
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In the current financial year Rs. 14384 crore orders have been received
With these agreements, Bharat Electronics Limited (BEL) so far in the current financial year has received Rs. 14384 crore orders have been received. In the first quarter of the current financial year, Bharat Electronics received Rs. 530.84 crore net profit was made. The company’s profits have seen a year-on-year increase of 23 percent. The total revenue of the company in the June 2023 quarter was Rs 3510.8 crore. At the same time, during the same period a year ago, the company’s total revenue stood at Rs. 3112.8 crores. Shares of Bharat Electronics have gained more than 10% in the last one month. At the same time, shares of the state-run defense company have risen more than 40 percent so far this year.
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Disclaimer: Information about stock performance is provided here only, not investment advice. Investment in stock market is subject to risk and please consult your advisor before investing.