Defence PSU Inventory: Navratna firm Bharat Electronics Restricted (BEL), a key participant within the aerospace and defence sector, has secured a big deal. Based on data offered to the inventory market, BEL acquired an export order value 25.75 million euros (roughly Rs 235 crore) from Thales Reliance Defence Methods (TRDS). This brings BEL’s complete orders to Rs 5225 crore within the present monetary yr. Notably, BEL is a multibagger inventory, delivering over 160% returns to shareholders prior to now yr.
BEL Order Particulars
As per the data disclosed to the BSE, Bharat Electronics (BEL) has acquired an export order of 25.75 million euros (Rs 235 crore) from Thales Reliance Defence Methods for the manufacture and provide of Transmit Obtain (TR) modules, which will likely be used within the radars of fighter plane.
Moreover, on June 28, 2024, BEL secured orders value Rs 192 crore, which embrace spares and providers for communication tools, encryptors, radars, fireplace management methods, and extra. This brings BEL’s complete orders to Rs 5225 crore within the present monetary yr. In late June, BEL introduced a Rs 3172 crore contract with Armored Automobiles Nigam Ltd. (AVNL). Moreover, BEL secured orders value Rs 418 crore for Doppler Climate Radar, Classroom Jammers, Spares, and Providers.
BEL Share Efficiency
BEL is acknowledged as a multibagger defence inventory. Over the previous month, the inventory has elevated by 15 per cent, 43 per cent prior to now three months, and 82 per cent prior to now six months. In 2024, the inventory has risen by greater than 80 per cent. Over the past yr, BEL has delivered a 161 per cent return, 332 per cent over the previous two years, and 444 per cent over three years. Nonetheless, on Friday (July 12), the Defence PSU inventory closed with a decline of 0.67 per cent, settling at Rs 333.30. The inventory’s 52-week excessive is Rs 340.53, and the low is Rs 123.55, with the corporate’s market cap at Rs 2,43,634.93 crore.