Bharat Electronics wins ₹792 crore order, shares rise 2%
after close1 source ↓written by the desknot a recommendation
- to reach
- 2%
- per share
- ₹425.50
- contract from Cochin
- ₹633 crore
Bharat Electronics Ltd (BEL) extended its rally for the third straight session, gaining 2% to reach ₹425.50 per share. This surge follows a significant order win of ₹792 crore for various defense projects, including radars and drones.
This marks BEL's third consecutive order win, following a ₹633 crore contract from Cochin Shipyard. The fresh orders may enhance investor sentiment and bolster BEL's revenue outlook.
Not investment advice. For informational purposes only.