Bharat Electronics gains on inking MoU with HAL to share expertise in avionics

08 Jun 2015 Evaluate

Bharat Electronics is currently trading at Rs. 3325.00, up by 7.00 points or 0.21% from its previous closing of Rs. 3318.00 on the BSE.

The scrip opened at Rs. 3321.00 and has touched a high and low of Rs. 3369.15 and Rs. 3318.00 respectively. So far 8,057 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 4140.00 on 18-Feb-2015 and a 52 week low of Rs. 1712.95 on 14-Jul-2014.

Last one week high and low of the scrip stood at Rs. 3652.95 and Rs. 3170.00 respectively. The current market cap of the company is Rs. 26,598.00 crore.

The promoters holding in the company stood at 75.02% while Institutions and Non-Institutions held 18.82% and 6.16% respectively.

Bharat Electronics (BEL) has inked a Memorandum of Understanding (MoU) with Hindustan Aeronautics (HAL) to share their expertise in design, development, engineering and manufacturing to develop and produce advanced airborne communication equipment to meet the requirement of the defence services. The MoU sets to define the roles and responsibilities of both the DPSUs for development of specific airborne communication equipment.

HAL and BEL have agreed to share the business from the Indian defence services. HAL has the expertise in design, development, engineering, manufacture of airborne communications equipment, whereas BEL has the expertise in design, development, engineering and manufacture of communications and secrecy products and solutions.

Bharat Electronics is a multi-product, multi-technology, multi-unit conglomerate with over 350 products in the areas of military communication, radars, naval systems, C4I systems, weapon systems, homeland security, telecom & broadcast systems, electronic warfare, tank electronics, electro-optics, professional electronic components and solar photovoltaic systems.


Bharat Electronics Share Price

238.90 1.20 (0.50%)
26-Apr-2024 16:01 View Price Chart
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Company Name CMP
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Bharat Electronics 238.90
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