Bharat Electronics Limited (BEL) started Friday on a strong note, with its shares opening 0.6% higher at ₹274 per share. This boost comes after the company bagged fresh orders worth ₹577 crores. However, the stock had closed slightly lower at ₹272.5 per share on Thursday. These new orders are a big win for BEL, strengthening its position in the market.
What are the new orders about?
BEL has secured orders for a range of advanced systems, including:
With these additions, BEL's total orders for the financial year now stand at ₹13,724 crores. The company continues to expand its portfolio, ensuring a steady flow of projects.
BEL's growing order book and future targets
As of January 1, 2025, BEL's total order book is an impressive ₹71,100 crores. The company had set a target to secure orders worth ₹25,000 crores in FY25, and with the latest deals, it has already crossed the halfway mark. In their Q3FY25 earnings call, BEL's management expressed confidence in hitting the full-year target, reassuring investors about its growth trajectory.
Strong financial performance in Q3FY25
BEL has been delivering solid numbers, and the December 2024 quarter was no different:
This kind of growth reflects BEL's strong market demand and efficient execution. For those looking to invest in stocks, BEL's steady performance and government-backed projects make it an interesting choice.
Should investors keep an eye on BEL?
As a key defence PSU under the Ministry of Defence, BEL continues to make big moves in defence and technology. With a strong order pipeline and consistent revenue growth, it stands out for investors looking to invest in stocks of companies with long-term potential.
As of March 7, 2025, at 11:40 AM, BEL was trading at ₹278.05 per share. With its growing order book and financial strength, BEL is definitely a company to watch in the defence sector.
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