Bharat Electronics Ltd.

Bharat Electronics is currently trading at Rs. 148.10, up by 3.15 points or 2.17% from its previous closing of Rs. 144.95 on the BSE.

The scrip opened at Rs. 146.90 and has touched a high and low of Rs. 149.00 and Rs. 145.95 respectively. So far 144994 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 192.95 on 29-Nov-2017 and a 52 week low of Rs. 138.30 on 23-Mar-2018.

Last one week high and low of the scrip stood at Rs. 149.00 and Rs. 143.50 respectively. The current market cap of the company is Rs. 36110.31 crore.

The promoters holding in the company stood at 66.79%, while Institutions and Non-Institutions held 24.29% and 8.92% respectively.

Bharat Electronics (BEL) has signed a Memorandum of Understanding (MoU) with Larsen & Toubro on April 11, 2018 in DEFEXPO 2018 at Chennai. The MoU is to share their expertise in design, development, engineering and manufacturing to develop and produce products and systems to meet the requirement of the defence services as well as for export markets.

BEL and L&T have agreed to explore and address defence products / systems for the Indian Defence Services as well as export opportunities. BEL has expertise in design, development, engineering, manufacture of Radar & Weapon Systems, NCS and Communications systems, Electronic Warfare & Avionics, Naval Systems, Electro-optics products, Tank Electronics & Gun Systems, Satcom systems, Strategic Components and Civilian products, while L&T has expertise in design, engineering and manufacture of Defence systems, Platforms and Weapon delivery, Armoured platforms and Fire control systems, Military Communication, Naval Equipment, Warships & Submarines.

The MoU sets to define the roles and responsibilities of both the companies to cooperate and work in partnership mode for select programmes and thus give a boost to indigenous defence production. This collaboration will support the Make in India mission.