Bharat Electronics is currently trading at Rs. 1227.05, up by 27.00 points or 2.25% from its previous closing of Rs. 1200.05 on the BSE.
The scrip opened at Rs. 1224.00 and has touched a high and low of Rs. 1259.80 and Rs. 1220.00 respectively. So far 5704 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1665.75 on 16-Mar-2012 and a 52 week low of Rs. 1124.60 on 31-Jul-2012.
Last one week high and low of the scrip stood at Rs. 1259.80 and Rs. 1181.55 respectively. The current market cap of the company is Rs. 9864.00 crore.
The promoters holding in the company stood at 75.86% while Institutions and Non-Institutions held 18.86% and 5.28% respectively.
Public sector defence major Bharat Electronics (BEL) has entered into a Memorandum of Understanding (MoU) with Israel Aerospace Industries (IAI) to work together on the future of Long Range Surface to Air Missile (LR-SAM) ship defence system projects.
The LR-SAM is an over $500 million joint venture with Israel. This will help the Indian Navy to protect its warships from incoming enemy cruise missiles and fighter aircrafts.
Earlier in November, BEL entered into agreement for 10.5 MW project with Suzlon. The project is set to be commissioned in the Davangere district of Karnataka by end-FY13.
Bharat Electronics was set up at Bangalore by the Government of India under the Ministry of Defence in 1954 to meet the specialised electronic needs of the Indian defence services. Over the years, it has grown into a multi-product, multi-technology, multi-unit company serving the needs of customers in diverse fields in India and abroad.
Company Name | CMP |
---|---|
BHEL | 238.45 |
Bharat Electronics | 290.45 |
Thermax | 4564.95 |
Kirloskar Oil Eng | 1016.50 |
GMM Pfaudler | 1208.65 |
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