Defense Stock, Bharat Electronics shares surges over 1.12% amid securing project worth Rs 973 crore

Navratna Defence Public Sector Undertaking, Bharat Electronics Limited (BEL), has secured additional orders worth Rs.973 Crores since the last disclosure on 9th December 2024.

Major orders include platform screen doors for metro rail, radars, communication equipment, jammers, seekers, upgraded submarine sonar, upgraded satcom terminals, test stations, spares, services, etc. With these orders, BEL has accumulated orders totaling Rs. 9801 Crores in the current financial year, as per the release.

The company has a market cap of over Rs 2.15 lakh crore and has been maintaining a healthy dividend payout of 44 percent. As of October 01, 2024, the company's order book stood at Rs 74,595 crore.

The company has an ROE of 26 percent and an ROCE of 35 percent. The stock gave multi-bagger returns of 776 percent in the past five years. 

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