Latest news with #IntegratedDroneDetectionandInterdictionSystems
Business Upturn
19-05-2025
- Business
- Business Upturn
Bharat Electronics share hits new 52-week high after company secures new orders worth Rs 572 crore
By Aman Shukla Published on May 19, 2025, 09:29 IST Bharat Electronics Limited (BEL) stock surged 2% to hit a new 52-week high of Rs 372.95 after the company announced fresh orders worth ₹572 crore. As of 9:27 AM, the shares were trading 2.47% higher at Rs 372.90. These new contracts are in addition to the orders previously disclosed in April 2025. The deals encompass a diverse range of advanced technologies, underlining BEL's growing presence in the Indian defence ecosystem. According to BEL, the latest orders include the supply of Integrated Drone Detection and Interdiction Systems (ID-DIS), Software Defined Radios (SDR), and Data Communication Units (DCU) for attack guns. The company will also deliver AI-based solutions for naval ships, various simulators, communication equipment, jammers, spares, and associated services. The consistent flow of high-value contracts showcases BEL's capability in delivering cutting-edge defence technologies and aligns with India's push for indigenous defence manufacturing under the 'Atmanirbhar Bharat' initiative. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Economic Times
19-05-2025
- Business
- Economic Times
BEL shares up 2% to record high after Rs 572 crore defence orders and Q4 results
Bharat Electronics Ltd. (BEL) shares rallied 2% following strong Q4 earnings, with a 30% rise in net profit and a 32% increase in revenue. The company secured new defence orders worth Rs 572 crore, including drone detection systems and communication equipment. Tired of too many ads? Remove Ads Strong Q4 performance Tired of too many ads? Remove Ads Stock gains and sector rally Shares of Bharat Electronics Ltd BEL ) rallied 2% fresh 52-week high of Rs 373.40 on Monday after the company reported strong fourth-quarter earnings and secured additional defence orders worth Rs 572 crore, further bolstering investor sentiment amid a broader rally in defence Electronics has received new orders totalling Rs 572 crore since its last disclosure on April 7, according to an exchange filing on Friday. The major orders include Integrated Drone Detection and Interdiction Systems (IDDIS), Software Defined Radios (SDRs), and data communication units for attack company also secured contracts for artificial intelligence-based naval solutions, simulators, jammers, communication equipment, spares, and related services. These additions come at a time when defence spending is accelerating amid heightened geopolitical tensions. BEL posted a 30% year-on-year rise in net profit to Rs 1,797 crore for the quarter ended March 2024, the company said in an exchange filing on Sunday. Revenue for the period rose 32% to Rs 8,564 crore from Rs 6,479 crore a year company's board has recommended a final dividend of Rs 0.80 per equity order book stood at Rs 76,000 crore as of April 1, reflecting a 25.2% increase from the previous of BEL closed 3.85% higher at Rs 363.9 apiece on the National Stock Exchange on Friday. The stock has gained 15.2% in the past week alone, while rising 30.9% over the last six months and 40.6% over the past has been a key contributor to the recent surge in defence sector stocks. The Nifty India Defence index has rallied over 12% in the last three weeks, with the overall market capitalisation of the sector increasing by Rs 1,17,163 crore. BEL alone has added Rs 29,970 crore to its market cap in that a technical standpoint, BEL shares are trading above all eight key simple moving averages, including the 150-day and 200-day SMAs. The 14-day Relative Strength Index (RSI) is at 80.5, indicating that the stock is currently in overbought territory.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
19-05-2025
- Business
- Time of India
BEL shares up 2% to record high after Rs 572 crore defence orders and Q4 results
Shares of Bharat Electronics Ltd ( BEL ) rallied 2% fresh 52-week high of Rs 373.40 on Monday after the company reported strong fourth-quarter earnings and secured additional defence orders worth Rs 572 crore, further bolstering investor sentiment amid a broader rally in defence stocks. Bharat Electronics has received new orders totalling Rs 572 crore since its last disclosure on April 7, according to an exchange filing on Friday. The major orders include Integrated Drone Detection and Interdiction Systems (IDDIS), Software Defined Radios (SDRs), and data communication units for attack guns. The company also secured contracts for artificial intelligence-based naval solutions, simulators, jammers, communication equipment, spares, and related services. These additions come at a time when defence spending is accelerating amid heightened geopolitical tensions. Strong Q4 performance BEL posted a 30% year-on-year rise in net profit to Rs 1,797 crore for the quarter ended March 2024, the company said in an exchange filing on Sunday. Revenue for the period rose 32% to Rs 8,564 crore from Rs 6,479 crore a year ago. The company's board has recommended a final dividend of Rs 0.80 per equity share. BEL's order book stood at Rs 76,000 crore as of April 1, reflecting a 25.2% increase from the previous fiscal. Stock gains and sector rally Shares of BEL closed 3.85% higher at Rs 363.9 apiece on the National Stock Exchange on Friday. The stock has gained 15.2% in the past week alone, while rising 30.9% over the last six months and 40.6% over the past year. BEL has been a key contributor to the recent surge in defence sector stocks. The Nifty India Defence index has rallied over 12% in the last three weeks, with the overall market capitalisation of the sector increasing by Rs 1,17,163 crore. BEL alone has added Rs 29,970 crore to its market cap in that period. Also read | Nifty likely to advance towards 25,200-25,800: Analysts From a technical standpoint, BEL shares are trading above all eight key simple moving averages, including the 150-day and 200-day SMAs. The 14-day Relative Strength Index (RSI) is at 80.5, indicating that the stock is currently in overbought territory.
