Shares of Bharat Electronics (BEL) climbed to a fresh 52-week high of ₹394.70 per share in the final trading hour of June 5, following the company’s announcement of significant orders from two leading defence shipbuilders.
According to a stock exchange filing, BEL secured orders worth a total of ₹2,323 crore (excluding taxes) from Mazagon Dock Shipbuilders and Garden Reach Shipbuilders & Engineers (GRSE). The contracts are for the supply of base and depot spares for missile systems onboard Indian naval vessels, the Navratna defence PSU said. “The spares will ensure operational continuity of onboard mission-critical equipment,” it added.
BEL shares have seen substantial gains recently, rising nearly 25 percent over the past month. So far in 2025, the stock has appreciated more than 34 percent, while over the past year, it has jumped over 51 percent.
Shares of Mazagon Dock Shipbuilders ended the session with slight gains. Though the stock has dipped more than 3 percent in the last five days, it remains up nearly 11 percent in the past month and has surged around 53 percent in 2025 so far.
Garden Reach Shipbuilders & Engineers (GRSE) shares also posted a solid performance, gaining nearly 2 percent to close at ₹3,415 apiece. Earlier in the session, the stock had jumped 5 percent to hit a fresh 52-week high of ₹3,532. This uptick followed GRSE’s announcement of a memorandum of understanding (MoU) with Hamburg-based Carsten Rehder to explore building four multi-purpose cargo vessels.
GRSE shares have soared 13.5 percent over the last five days and an impressive 77 percent in the past month. Year to date, the stock has advanced by 107 percent and a remarkable 189 percent in the past year.
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Source: Moneycontrol.
