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Bharat Electronics forms joint venture with Safran for HAMMER project

pre-market1 source ↓written by the desknot a recommendation

with Safran Electronics
50:50 joint venture
board meeting
15 February 2026

Bharat Electronics Limited (BEL) has approved a 50:50 joint venture with Safran Electronics & Defense to manufacture and maintain the HAMMER weapon system guidance kits in India. The agreement was finalized during a board meeting on 15 February 2026. This collaboration aims to enhance India's defense capabilities and foster local manufacturing.

The establishment of this joint venture is expected to strengthen BEL's position in the defense sector and may attract further investments in the industry.

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 16 Feb 2026, 07:03 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

BEL closed +0.6% on the day of the news, from ₹435.55 to ₹438.00; Nifty +0.8% over the same session; futures OI −0.1%.

Bulletin at 07:03 IST on 16 Feb 2026. Every change is measured from ₹435.55, the last close before it, on 13 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 it400.01435.55471.09axis spans 18%before the news · 13 Feb435.55Nifty 50BELbulletinD0+1+3+59 Feb19 Feb2 MarFutures open interest, lotspeak 82,000Reference close ₹435.55. 16 sessions from 9 Feb to 2 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 %
Before13 Feb₹435.55basebase
On the day16 Feb₹438.00▲ +0.6%▲ +0.8%−0.3 pp difference
+1 session17 Feb₹446.85▲ +2.6%▲ +1.0%+1.6 pp difference
+3 sessions19 Feb₹435.35▼ −0.1%▼ −0.1%0.0 pp difference
+5 sessions23 Feb₹439.75▲ +1.0%▲ +0.9%0.0 pp difference
Gap at the open, % · ₹
▼ −0.6%−2.48 on 16 Feb
Day's range, % · ₹
2.2%≈ 9.5 high to low
Volume on the day
0.31×the 20-session average
Futures OI on the day
▼ −0.1%−88 lots · short covering · price +0.6%
Futures OI open, lots
80,00016 Feb · 24 Feb expiry
Futures premium, ₹
+1.10+0.3% to spot
Puts per call, by OI
0.40from 0.39 the session before
Max pain
435from 435 the session before

Source NSE UDiFF bhavcopy · BEL on the desk →

Thread · BELAll BEL bulletins →

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