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Bharat Electronics Shares Surge Over 5% After Bumper Profits In Q4

When we look at the yearly results, the Navartna company's net profits jumped to Rs 3,984 crore from the previous year's Rs 2,984 crore. This resulted in a jump of Rs 1,000 crore. And, in all, the state-owned company saw its numbers jump by 33.51 per cent. Bharat Electronics is a state-owned aerospace and defence electronics company.
Bharat Electronics Meeting Of The Company Board Of Directors The Company Nifty Bank State Owned Bharat Electronics Dalal Street

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India's defence sector a $138bn opportunity; HAL, BEL top buys: Nomura

Indias defence sector presents an ordering opportunity worth $138 billion between fiscal years 2023-24 (FY24) and FY32, said a latest note by Nomura, which has initiated coverage on two defence-related players - Hindustan Aeronautics (HAL) and Bharat Electronics (BEL) - with a buy rating. The research and broking house sees an upside potential of 28 per cent and 32 per cent, respectively in these two stocks from the current levels.
India General United States Saudi Arabia Tanay Rasal Abhishekn Chinnappa Umesh Raut
Source: rediff.com

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