Up to date Mar 14, 2024 | 05:07 PM IST

Picture : ET Now Digital

BEL will get orders price Rs 1,934 crore.

BEL Share Value Goal 2024: Navaratna DPSU Bharat Electronics Restricted (BEL) has gained contracts cumulatively price of Rs 1,939 crore as introduced by the corporate within the BSE submitting. BEL has now gathered orders totalling over Rs 32,000 crore within the present monetary yr.

Is it time to purchase the defence PSU inventory?

BEL share worth goal 2024

Funding banking agency UBS has given ‘purchase’ score to Bharat Digital restricted inventory.It has set the 12 month goal worth of the inventory to Rs 257 apiece with an upside of twenty-two per cent in its March 06 report.

UBS in its experiences views that BHE, on the prime of the defence manufacturing worth chain, ought to materially profit from the increasing ecosystem of distributors, supported by the federal government’s import substitution and export penetration coverage.

BEL new orders particulars

DPSU entered right into a contract valued at Rs 847.70 crore with Larsen & Tourbo Restricted (L&T) for the provision of 14 cutting-edge Communication and Digital Warfare (EW) sensors and programs. These state-of-the-art programs, manufactured domestically by BEL, will probably be put in on three Cadet Coaching Ships for the Indian Navy.

Moreover, BEL has secured different orders valued at Rs. 1,092.65 Cr following the final disclosure on thirteenth February 2024. These orders embody the provision of LRUs for T-70 & T-90 Tanks, Communication Methods for the Indian Navy, in addition to different Spares and Providers.

BEL share worth

BEL inventory grew 5.80 per cent on March 14 to shut at Rs 195.80 apiece on BSE. The counter opened at Rs 188.95 apiece after the free fall of the day prior to this shut wherein the scrip closed at Rs 190 apiece. The scrip’s day excessive touched to Rs 197 through the session of March 14.

The 52-week excessive and low of the inventory is Rs 216 and Rs 89 apiece respectively.

BEL share worth historical past

BEL has given constant good returns to traders previously few years. DPSU inventory have climbed to 110.95 per cent previously one yr. The five-year return stood at 531.61 per cent.

(Disclaimer: The above article is supposed for informational functions solely, and shouldn’t be thought-about as any funding recommendation. ET NOW DIGITAL suggests its readers/viewers to seek the advice of their monetary advisors earlier than making any cash associated selections.)

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