Bharat Electronics hits 52-week high on inking contract worth Rs 445 crore with UP Government

26 Dec 2023 Evaluate

Bharat Electronics is currently trading at Rs. 182.25, up by 7.40 points or 4.23% from its previous closing of Rs. 174.85 on the BSE.

The scrip opened at Rs. 178.35 and has touched a high and low of Rs. 184.50 and Rs. 178.00 respectively. So far 3501803 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 184.50 on 26-Dec-2023 and a 52 week low of Rs. 87.00 on 30-Jan-2023.

Last one week high and low of the scrip stood at Rs. 184.50 and Rs. 163.95 respectively. The current market cap of the company is Rs. 133220.72 crore.

The promoters holding in the company stood at 51.14%, while Institutions and Non-Institutions held 41.37% and 7.50% respectively.

Bharat Electronics (BEL) has signed a contract for a value of Rs 445 crore with the UP Government on December 23, 2023 for next generation UP Dial 112 project. BEL will be providing comprehensive and state-of-art hardware, AI based software tools and Cyber Security solutions for the Dial 112 project, which is spread across the entire state of Uttar Pradesh. BEL will be utilizing the ecosystem of domestic suppliers, including MSME’s for execution of this project.

The company has also received additional orders worth Rs 233 crore since the last disclosure on December 22, 2023 and these orders pertain to Communication Display Units, Thermal Imaging cameras and other miscellaneous spares & services. With the above, BEL has cumulatively received orders worth Rs 26,613 crore in the current financial year 2023-24.

BEL is a multi-product, multi-technology, multi-unit conglomerate with various products in the areas of military communication, radars, naval systems, C4I systems, weapon systems, homeland security, telecom & broadcast systems, electronic warfare, tank electronics, electro-optics, professional electronic components and solar photovoltaic systems.

Bharat Electronics Share Price

290.90 -7.55 (-2.53%)
20-Dec-2024 16:59 View Price Chart
Peers
Company Name CMP
BHEL 235.25
Bharat Electronics 290.90
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