Bharat Electronics’ stock takes wings on order inflow1 min read 31 Mar 2023, 12:06 PM IST
A series of contracts with BEL over the past few days alleviates investor woes about the languishing order book of the company
The Ministry of Defence (MoD) has signed a series of contracts with Bharat Electronics Ltd (BEL) over the past few days amounting to about ₹16,300 crore. This alleviates investor woes about the languishing order book of BEL, which was at a multi-quarter low of ₹50,116 crore in the December quarter (Q3FY23). Shares of BEL rose by 6% in Friday’s morning trade on the National Stock Exchange.
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