Bharat Electronics (BEL) has gained in early trades on plans of growth in order book.
The stock opened at the day's high of Rs 2,019. It is now trading with a 1% gain at Rs 2,014. Around 1,080 shares have been traded on the BSE so far.
BEL, the Bangalore-based public sector undertaking under the ministry of defence, is likely to end the present financial year with an order book of over Rs 12,000 crore, a growth of 20% during the year. As on March 31, 2009, BEL had an order book of Rs 10,000 crore.
Presently, the contribution of defence forces to the company’s total order book stands at 85 per cent of the total order. With another Rs 4,000 crore worth of orders coming in during the next one and a half months, the proportion of defence business will increase further.
