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Order backlog and pipeline offer strong revenue visibility for BEL

11Dec

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Order backlog and pipeline offer strong revenue visibility for BEL

The stock of Bharat Electronics (BEL) hit its all-time high after the company announced last week that it has won orders worth Rs 3,915 crore. The company received an order of Rs 580 crore from the Indian Army related to the annual maintenance contract (AMC) of radars. It indicated that the project will have the participation of Indian electronics and associated industries, including medium and small enterprises, which are sub-vendors of BEL. The company has also received additional orders worth Rs 3,335 crore related to AMC for airborne early warning & control, software-defined radios, passive night vision binoculars, among others. With the latest orders, the total order book for the company on a cumulative basis for FY 2024 is Rs 18,298 crore. Brokerages believe...

Centrum Broking, Anand Rathi Give BUY Recommendation To THESE 3 Stocks

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Tata Steel Gains Nearly 4% After Q1 Results Beat D-Street Expectations; Details

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