Bharat Electronics is trading higher by 3% at Rs 1,515 after the company said it has set a turnover target of Rs 6,300 crore for the financial year 2012-13, a 10% rise as compared to FY12.
“The company has an order book position of Rs 25,748 crore as on April 1, 2012, against Rs 23,600 crore in the previous year," the state-owned company said in a filing to the stock exchanges.
Meanwhile, in a performance highlights note for FY2011-12, the company said its profit before tax (PBT) has declined by 16% at Rs 975 crore, while the turnover grew marginally 3.3% at Rs 5,710 crore on year-on-year basis.
The stock opened at Rs 1,480 and touched a high of Rs 1,520 on the National Stock Exchange. A combined 29,752 shares have changed hands on the counter till early noon trades on both the exchanges.
