Bharat Electronics Ltd.

Bharat Electronics is currently trading at Rs. 79.20, up by 0.50 points or 0.64% from its previous closing of Rs. 78.70 on the BSE.

The scrip opened at Rs. 78.95 and has touched a high and low of Rs. 79.55 and Rs. 77.30 respectively. So far 373710 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 157.95 on 06-Mar-2018 and a 52 week low of Rs. 72.55 on 14-Feb-2019.

Last one week high and low of the scrip stood at Rs. 79.75 and Rs. 74.85 respectively. The current market cap of the company is Rs. 18968.88 crore.

The promoters holding in the company stood at 61.93%, while Institutions and Non-Institutions held 27.82% and 10.25% respectively.

Bharat Electronics (BEL) has received export orders valued about $33 million from Elbit Systems Electro Optics Elop (ELOP), a subsidiary of Elbit Systems, Israel, on February 21, 2019, at Aero India 2019, Bengaluru. The orders are for the manufacture and supply of state-of-the-art next generation EOIR payloads and another variant of EOIR payload for Airborne applications.

As part of the Make in India initiative of the Government of India, BEL had already entered into Technical Collaboration Agreement (TCA) with ELOP for the Transfer of Technology for the manufacture of these EOIR payloads and for providing lifetime maintenance support at its manufacturing facility at Chennai.

BEL 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.