Bharat Electronics: Bharat Electronics charged up as govt stresses on self reliance

In the latest push to self-reliance in defence, the central government on Monday cleared the purchase of indigenous military hardware worth Rs 76,390 crore to sharpen combat capabilities. This is expected to benefit companies, including BEL.

Synopsis

​​Strong order visibility given the government’s thrust on indigenous defence procurement and rising execution of projects with easing semiconductor shortage augur well for the stock of the radar equipment and avionics supplier to the Indian armed forces.

ET Intelligence Group: The stock of Bharat Electronics (BEL) has gained 14.5% over the past three months amid high market volatility. It has outperformed the S&P BSE Capital Goods index and the benchmark Sensex, which have gained 3.3% and 4.2% respectively during the period.

Strong order visibility given the government’s thrust on indigenous defence procurement and rising execution of projects with easing semiconductor shortage augur well for

BY

ET Bureau

4 mins read, Last Updated:

Jun 08, 2022, 06:27 AM IST

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