Shares of Bharat Electronics Limited (BEL) surged on October 8, 2024, following the company's announcement of additional order wins worth ₹500 crore. The stock rose by up to 2.16 percent during intraday trading, reaching a high of ₹273.15.
This increase was fueled by the company's latest update on securing significant orders, which brings its total order book for the current financial year to ₹7,689 crore. Investors looking to buy shares online may find BEL's continued growth and performance an attractive prospect.
BEL, a Navratna defence public sector undertaking, highlighted in a recent exchange filing that it had secured orders of over ₹500 crore since its last disclosure in September 2024. These new contracts cover critical areas, including EMI shelters, annual maintenance contracts (AMC) for integrated air command and control systems, spares for radar systems, communication systems, and upgrades for various gun systems.
These achievements bolster BEL's standing in the defence sector and demonstrate its ability to secure major projects consistently. For those looking to buy shares online, this latest development adds confidence to BEL's growth trajectory.
BEL's financial performance for the June quarter of FY25 has also been a key factor driving interest in its shares. The company posted a 47% year-on-year (YoY) increase in net profit, rising from ₹538.5 crore in Q1FY24 to ₹791 crore in Q1FY25.
Sales for the same period also grew by over 20%, reaching ₹4,243.6 crore, compared to ₹3,532.9 crore in the previous year. With such robust financials, BEL's share price continues to capture the attention of investors keen to buy shares online in strong, revenue-generating firms.
BEL shares have rewarded investors handsomely over the past year, almost doubling in value. On a year-to-date (YTD) basis, the stock has jumped by approximately 46%. However, despite this impressive growth, the stock has experienced a slight 3% correction in the past month.
With a 52-week range of ₹127 to ₹340.35, BEL remains a formidable player in the defence sector, with consistent performance making it a strong option for those considering how to buy shares online.
Since its inception in 1954, BEL has evolved from serving the Indian defence sector to becoming a diversified company with a wide-ranging portfolio. Today, BEL designs, develops, manufactures, and supports a variety of strategic electronic products and systems. Its product lineup includes radar warning receivers, night vision devices, versatile communication systems, and more.
As BEL continues to grow its expertise across multiple domains, the company remains a compelling option for long-term investors interested in the defence and technology sectors, especially for those looking to buy shares online.
BEL's current market capitalisation stands at ₹1,98,277.75 crore, underscoring its significant presence in the Indian market. As of 10:06 AM on October 8, BEL's shares were trading at ₹271.25, up 1.46%, outperforming the BSE Sensex, which had risen by just 0.16%.
Given the company's strong financial performance and recent order wins, analysts expect BEL to maintain its momentum in the coming quarters. For investors seeking opportunities to buy shares online, BEL presents a well-rounded option with a proven track record of growth and stability.
With an ever-expanding order book and a diverse range of cutting-edge products, BEL remains a standout choice for investors interested in the defence sector. The company's recent order win worth ₹500 crore, coupled with its strong financial performance, signals continued growth and potential for the future. For those ready to buy shares online, BEL is a stock to watch closely as it strengthens its foothold in the Indian defence and technology landscape.
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