SOURCE : NEW18 NEWS
Last Updated:May 17, 2025, 15:30 IST
The BEL share price increases 24.2 per cent in the past one month between April 17 and May 16 to currently stand at Rs 363.9 apiece.
Bharat Electronics Ltd (BEL), a defence public sector company (PSU), has been in news for its robust gain in stock prices in the recent weeks, especially following the Operation Sindoor.
BEL Share Price: Bharat Electronics Ltd (BEL), a defence public sector company (PSU), has been in news for its robust gain in stock prices in the recent weeks, especially following the Operation Sindoor. The BEL share price increased 24.2 per cent in the past one month between April 17 and May 16 to currently stand at Rs 363.9 apiece.
On Friday, May 16, 2025, the BEL share hit its record high of Rs 371.15 apiece on the BSE, before settling at Rs 363.9 apiece. Last week, the stock surged nearly 12 per cent on both BSE and NSE.
Recommended Stories
The BEL share price is up 51 per cent during the last one year. However, in the past five year, it surged nearly 1,500 per cent to become a multibagger.
On Friday, May 16, after the market closed, Bharat Electronics informed in a regulatory filing that it has secured additional orders worth Rs 572 crore since the last disclosure on April 7, 2025.
“Major orders received include integrated drone detection and interdiction system (IDDIS), software defined radio (SDR) and data communication unit (DCU) for attack guns, AI-based solutions for ships, simulators, communication equipment, jammers, spares, services etc,” BEL said in the filing.
With this, the BEL share price will come in focus on Monday.
Brokerage houses have remained bullish on Bharat Electronics in the past few months. PL Capital in its India Strategy report in February kept Bharat Electronics Ltd (BEL) as one of its top picks despite weak equity environment.
Axis Securities in its Axis Punch on January 21, 2025, also recommended BEL at Rs 286 per share with a target price of Rs 315 per share. However, the current price has surpassed the target.
In the past past few days, the defence stocks are firing all cylinders in the share market amid renewed focus on defence manufacturing within the country especially after the Operation Sindoor, in which Indian Army struck terror camps across locations in Pakistan.
Though a ceasefire agreement has been made between India and Pakistan, the demand for defence and shipping stocks, including BEL, Bharat Dynamics, Mazagaon Dockyards and Cochin Shipyard, is rising fast.
Disclaimer:Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.
- First Published:
May 17, 2025, 15:22 IST
