BEL stock soars: There is a rush to buy shares of Bharat Electronics Limited (BEL), a company related to the defense sector. On Monday, the first trading day of the week, these shares rose by 2.20 percent to reach the highest level of Rs 312.95 per share. The share price reached Rs 323 on June 3, 2024. This is the 52-week high of the stock. The stock’s 52-week high is Rs 323 while its 52-week low is Rs 120.70 per share.
reason for the rise
The rise in share price has come due to a big order received by BEL. BEL has received an order worth Rs 3172 crore from Armored Vehicle Nigam Limited (AVNL). The project involves supplying an upgraded, indigenously designed and developed Outlook and Fire Control System for the upgradation of BMP 2/2K tanks of the Indian Army. This will also include engineering help package. Let us inform that BEL has also won other orders worth ₹ 481 crore. These include Doppler Weather Radar, Classroom Jammer, Spares and Services etc.
Let us tell you that BEL has so far received orders worth ₹ 4803 crore in the first quarter of the financial year 2025. Bharat Electronics is expected to get orders worth ₹25000 crore in the current financial year for FY 2025.
about the company
Let us tell you that Bharat Electronics Limited (BEL) came into existence in 1954. This company, known for its expertise in different fields, BEL has met the special electronic requirements of the Indian Defense Services. Today it has grown into a separate entity with multiple products and technologies, serving customers domestically and internationally.
condition of stock market
Let us tell you that there is a bullish atmosphere in the stock market. Talking about Sensex, it crossed 79520 points. Nifty has crossed 24,150 points.
