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BEL and Safran to form joint venture for missile production

pre-market1 source ↓written by the desknot a recommendation

Bharat Electronics Limited (BEL) is set to form an equal joint venture with Safran Electronics & Defense to produce the Hammer missiles in India, following the recent India-France Defence Dialogue. The agreement includes a Master Production Agreement outlining cooperation terms, pending regulatory approvals from both nations. This venture highlights India's push for local defense manufacturing and may enhance BEL's market position.

• Joint venture for Hammer missile production

• Equal shareholding between BEL and Safran

• Regulatory approvals pending

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 19 Feb 2026, 07:03 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

BEL closed −2.8% on the day of the news, from ₹447.70 to ₹435.35; Nifty −1.4% over the same session; futures OI −0.9%.

Bulletin at 07:03 IST on 19 Feb 2026. Every change is measured from ₹447.70, the last close before it, on 18 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 it411.17447.70484.23axis spans 18%before the news · 18 Feb447.70Nifty 50BELbulletinD0+1+3+512 Feb24 Feb6 MarFutures open interest, lotspeak 82,000Reference close ₹447.70. 16 sessions from 12 Feb to 6 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 %
Before18 Feb₹447.70basebase
On the day19 Feb₹435.35▼ −2.8%▼ −1.4%−1.4 pp difference
+1 session20 Feb₹441.15▼ −1.5%▼ −1.0%−0.5 pp difference
+3 sessions24 Feb₹435.05▼ −2.8%▼ −1.5%−1.3 pp difference
+5 sessions26 Feb₹449.05▲ +0.3%▼ −1.3%+1.6 pp difference
Gap at the open, % · ₹
0.0%0.00 on 19 Feb
Day's range, % · ₹
3.6%≈ 16 high to low
Volume on the day
0.38×the 20-session average
Futures OI on the day
▼ −0.9%−770 lots · long unwinding · price −2.8%
Futures OI open, lots
81,00019 Feb · 24 Feb expiry
Futures premium, ₹
+0.150.0% to spot
Puts per call, by OI
0.38from 0.41 the session before
Max pain
440from 440 the session before

Source NSE UDiFF bhavcopy · BEL on the desk →

Thread · BELAll BEL bulletins →

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