Bharat Electronics Limited (BEL) shares are set to remain in focus on December 10 as the company announced securing a new order worth Rs 634 crore.
The order includes maintenance of the Akash Missile System, telescopic sights for guns, communication equipment, jammers, electronic voting machines, and spares, among other products and services. With this latest win, BEL’s total order book for the current financial year has reached Rs 8,828 crore.
In November, the company had bagged additional orders worth over Rs 500 crore for laser range finders, communication systems, and test equipment for defense applications.
BEL reported robust financial performance for Q2 FY24, posting a 34% rise in standalone net profit at Rs 1,091.27 crore. The stock has shown strong growth, gaining nearly 100% over the past year. It currently trades 7.6% below its 52-week high of Rs 340.35, achieved on July 10, 2024, and is 97.24% above its 52-week low of Rs 159.45, recorded on December 13, 2023.
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Source: Moneycontrol
News Desk
