Bharat Electronics Limited (BEL) is currently trading at RS 284.10, marking an increase of 7.35 points or 2.66% from its previous closing at RS 276.75 on the BSE.

The stock opened at RS 282.45 and recorded a high of RS 284.20 and a low of RS 279.45. A total of 4,81,720 shares have been traded so far. BEL’s 52-week high stands at RS 340.35 (10-Jul-2024), while its 52-week low is RS 179.20 (15-Mar-2024). The company’s market capitalization is currently RS 2,06,903.29 crore.

In terms of ownership, promoters hold 51.14%, while institutional and non-institutional investors hold 38.28% and 10.59%, respectively.

BEL has signed a contract worth RS 2,463 crore (excluding taxes) with the Ministry of Defence for the supply and services of Ashwini Radars. These indigenous AESA radars, developed in collaboration with DRDO, feature electronic scanning and integrated IFF. The mobile radars, equipped with advanced ECCM features, can be deployed on all terrains and automatically detect aerial threats, including fighter jets and slow-moving targets.

With this latest contract, BEL’s total order book for the current financial year has reached RS 17,030 crore.

BEL is a diversified conglomerate, manufacturing products in military communication, radars, naval systems, C4I systems, weapon systems, homeland security, telecom, electronic warfare, and solar photovoltaic systems.