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DefenceManufacturingHigh impactPre-market

BEL shares rise on joint venture with Safran Electronics

pre-market1 source ↓written by the desknot a recommendation

between BEL
50:50 equity split

Shares of Bharat Electronics Limited (BEL) are in focus following the Board's approval of a Joint Venture Agreement with Safran Electronics and Defence for Project Hammer. The new entity will focus on the manufacturing and maintenance of the Guidance Kit for the HAMMER Weapon System, with a 50:50 equity split between BEL and Safran. This collaboration aims to enhance defense capabilities for the Indian Air Force and Navy.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 17 Feb 2026, 07:03 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

BEL closed +2.0% on the day of the news, from ₹438.00 to ₹446.85; Nifty +0.2% over the same session; futures OI +2.1%.

Bulletin at 07:03 IST on 17 Feb 2026. Every change is measured from ₹438.00, the last close before it, on 16 Feb. Nifty 50 is measured over the same sessions.

  • BEL close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
BEL closes around the bulletin against the close before the news, with Nifty 50 rebased to it402.26438.00473.74axis spans 18%before the news · 16 Feb438.00Nifty 50BELbulletinD0+1+3+510 Feb20 Feb4 MarFutures open interest, lotspeak 82,000Reference close ₹438.00. 16 sessions from 10 Feb to 4 Mar; the price axis spans 18 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before16 Feb₹438.00basebase
On the day17 Feb₹446.85▲ +2.0%▲ +0.2%+1.9 pp difference
+1 session18 Feb₹447.70▲ +2.2%▲ +0.5%+1.7 pp difference
+3 sessions20 Feb₹441.15▲ +0.7%▼ −0.4%+1.1 pp difference
+5 sessions24 Feb₹435.05▼ −0.7%▼ −1.0%+0.3 pp difference
Gap at the open, % · ₹
▲ +0.9%+3.99 on 17 Feb
Day's range, % · ₹
2.1%≈ 9.1 high to low
Volume on the day
0.68×the 20-session average
Futures OI on the day
▲ +2.1%+1,600 lots · long build-up · price +2.0%
Futures OI open, lots
81,00017 Feb · 24 Feb expiry
Futures premium, ₹
+1.00+0.2% to spot
Puts per call, by OI
0.41from 0.40 the session before
Max pain
440from 435 the session before

Source NSE UDiFF bhavcopy · BEL on the desk →

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