Synopsis:
Shares of BEL soar upon receiving Rs.633 Crore order from Cochin Shipyard Limited for the supply of items required for various sensors, weapon equipment, and more, increasing its order book and revenue outlook.
This Navratna defence stock which manufactures and supplies electronic equipment and systems to the defence sector and others, is in the limelight as it bagged an order worth Rs. 633 Crores from Cochin Shipyard Limited
With the market cap of Rs 3,08,290 crore, shares of Bharat Electronics Ltd have made a high of Rs 422.5, which is around 1 percent jump in today’s trading session. It has given a closing at Rs 418.5 .The share is near to its 52-week high of Rs 436 and is trading just 3 percent below its high. It has delivered a 300 percent return on a 3 year basis