Bharat Electronics Limited (BEL) secured additional orders worth ₹648 crore since its last disclosure in late August. These contracts cover laser-based IR jammers, communication equipment, and cybersecurity solutions. The Navratna defense PSU will also supply AI-based software and thermal imagers.
The company announced the wins after market hours on September 17. BEL shares rose nearly 1% on September 18. Market capitalization for the firm reached ₹2.90 lakh crore. The multibagger stock has delivered returns of approximately 183% over the past three years.
Motilal Oswal maintained a Buy rating on BEL with a target price of ₹530. The brokerage highlighted the company’s strategic position amid increased government defense procurement approvals.