Bharat Electronics is currently trading at RS. 281.90, marking a slight increase of 0.45 points or 0.16% from its previous close of RS. 281.45 on the BSE.

The stock opened at RS. 280.40 and touched an intraday high of RS. 281.90 and a low of RS. 276.65. A total of 7,31,473 shares have been traded so far on the exchange.

A BSE group 'A' stock with a face value of RS. 1, Bharat Electronics has touched a 52-week high of RS. 340.35 on July 10, 2024, and a 52-week low of RS. 221.00 on May 13, 2024. In the past week, the stock has moved between RS. 288.30 and RS. 252.25. The company’s current market capitalization stands at RS. 2,05,185.49 crore.

As for the shareholding pattern, promoters hold 51.14% in the company, while institutional investors and non-institutions hold 38.28% and 10.59% respectively.

In a significant development, Bharat Electronics (BEL) has signed a contract worth RS. 2,210 crore (excluding taxes) with the Ministry of Defence for the supply of Electronic Warfare (EW) suites for Mi-17 V5 helicopters of the Indian Air Force. These systems have been indigenously designed and developed by CASDIC, DRDO, and will be manufactured by BEL.

The EW Suite includes Radar Warning Receiver (RWR), Missile Approach Warning System (MAWS), and Counter Measure Dispensing System (CMDS), enhancing the combat survivability and countermeasure capabilities of the helicopters.

With this new contract, BEL has secured total orders worth RS. 2,803 crore so far in the current financial year.

Bharat Electronics is a multi-unit, multi-technology enterprise delivering a wide array of products and solutions in sectors such as military communication, radars, electronic warfare, naval systems, C4I systems, homeland security, weapon systems, telecom, solar photovoltaic systems, and more.