Bharat Electronics

Bharat Electronics Limited and Safran Electronics & Defense, France have signed a MoU to create a joint venture for manufacturing, customising, sales and maintenance of HAMMER, a precision guided air-to-ground weapon, in India. HAMMER (Highly Agile Modular Munition Extended Range) is a combat-proven weapon system known for its high accuracy and modular design making it adaptable for multiple platforms including the Rafale and LCA Tejas. The Memorandum of Understanding (MoU) was signed by K V Suresh Kumar, Director (Marketing) of BEL, and Alexandre Ziegler, Executive Vice President of Safran Electronics & Defense, in the presence of Manoj Jain, Chairman and Managing Director of BEL, Franck Saudo, CEO of Safran Electronics & Defense at Aero India on Tuesday. "The proposed joint venture between BEL and Safran Electronics & Defense will be a major step toward strengthening India's capabilities in defense manufacturing and achieving self-reliance in advanced weapon systems.

Among the top highlights of Bharat Electronics Q3 performance include a 39% Y-o-Y growth in execution and a 330 bps expansion in Ebitda margin to 28.9 per cent, surpassing analyst expectations

Stocks to Buy Today: BHEL share price has formed a 'Bullish Engulfing' pattern on the daily chart. The upmove in BHEL share has seen good volumes

The rise in the BEL share price came on the back of an additional order win worth Rs 561 crore

On the bourses, BEL and Data Patterns have given solid returns. On a year-to-date (Y-T-D) basis, BEL soared over 59%, while Data Patterns gained 35%

PSU major Bharat Electronics' new contracts platform screen doors for metro rail, radars, communication equipment and more

The uptick in the BEL share price came on the back of an additional order win worth Rs 634 crore

The company has retained its topline growth guidance of 15 per cent in FY25 and expects a 15-17.5 per cent growth in the coming five years, expected to be led by defence, exports, and services

The Nifty has retested resistance at the 24,500 mark after two days of recovery, and sustaining this level could lead to a further rise toward 24,800

BEL share rises on securing additional orders worth Rs 500 crore; details

BEL share price dropped despite the company securing the Ministry of Corporate Affairs (MCA) approval to incorporate 'BEL IAI AeroSystems Private Limited'.

"A correction was needed in defence stocks as they were overvalued after the Interim Budget amid high expectations from the Budget," said Palka Arora Chopra, director of Master Capital Services

BEL has experienced a significant 145 per cent stock rally over the past 12 months, largely driven by a 70 per cent increase in order intake in FY24 compared to management guidance

Shares of rail and defense related companies bounced back in trades on Wednesday; however, charts reveal that several stocks were trading below their key short-term moving averages.

The rise in share price came on the back of an order win worth Rs 3,172 crore from Armoured Vehicles Nigam Limited (AVNL)

Navratna Defence Public Sector Undertaking, Bharat Electronics Limited (BEL) has signed a contract valued at Rs 3,172 crore with Armoured Vehicles Nigam Limited (AVNL) on Friday at AVNL Headquarters in Chennai. According to an official statement, BEL, which is headquartered in Bengaluru, stated the project entails the supply and installation of an advanced, indigenously designed and developed Sighting and Fire Control System (FCS) for the upgrade of BMP 2/2K tanks of the Indian Army, along with a comprehensive engineering support package. "Additionally, BEL has secured other orders valued at Rs 481 crore following the last disclosure on May 22, 2024 which comprises doppler weather radar, classroom jammers, spares and services etc. With these, BEL has received accumulated orders totaling Rs 4,803 crore in the current financial year," it stated.

Shares of defense companies soared up 17.6 percent on the BSE in Friday's intraday deals

Government-owned shares witnessed intense selling pressure as analysts feared that the relatively poor showing of the Modi-government may impact its reforms agenda.

As corporate capex picks up, it expects the Indian corporate sector to sustain 12 - 17 per cent earnings growth in the medium-term

BEL has a market share of 12 per cent in the overall defence market and a market share of almost 60 per cent in the highly specialised defence electronics segment