MARKETS

Bharat Electronics Shares Hit 52-Week High on Securing Rs 678 Crore Orders

Bharat Electronics
The latest contracts span a wide range of defence needs.

Shares of Bharat Electronics hit a 52-week high of Rs 184.50 on 26 December after the company announced securing orders worth Rs 678 crore.

In its regulatory filing, the company received one order from the Uttar Pradesh Government for the next-generation emergency response system β€” the UP DIAL 112 project for a total consideration of Rs 445 crore.

The company will provide hardware and AI-based software tools and cyber security solutions for the project across the state of Uttar Pradesh.

They have also received an order for thermal imaging cameras, communication display units, and other miscellaneous spares and services for a total order value of Rs 233 crore.

With the above order, the company’s order book stands at Rs 26,613 crore for the current fiscal year.

In the last six months, the shares have gained 54% against the benchmark Nifty 50 gain of 13% in the same period.

At 3:30 pm, the shares of Bharat Electronics closed 4.41% higher at Rs 182.50 on NSE.

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