Bharat Electronics shares in focus on bagging order worth Rs 634 crore

bharat-electronics-shares-in-focus-on-bagging-order-worth-rs-634-crore

Bharat Electronics share price will remain in focus on December 10 following the company bagged an order worth Rs 634 crore.

The major orders include maintenance of Akash Missile System, telescopic sights for guns, communication equipment, jammers, electronic voting machines, test stations, spares, services etc.

With these orders, company has now accumulated orders totalling Rs 8,828 crore in the current financial year.

Last month, the company secured additional orders of more than Rs 500 crore for laser range finders, communication equipment, vessel communication and support system, test equipment for guns, spares, services etc.

The company had reported 34 percent jump in its standalone net profit at Rs 1,091.27 crore in September 2024.

The share touched a 52-week high of Rs 340.35 and a 52-week low of Rs 159.45 on 10 July, 2024 and 13 December, 2023, respectively.

Currently, the stock is trading 7.6 percent below its 52-week high and 97.24 percent above its 52-week low.

The share price gained nearly 100 percent in the last one-year.

Published on December 10, 2024 / 07:30 IST


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