Shares of Bharat Electronics Ltd (BEL) touched a record high at ₹426.65 apiece on the BSE on Tuesday’s session. The BEL share price has risen for the third straight session today. According to the weekly charts, BEL share price has been on a bull run since last 10 weeks. BEL share price has gained over 38% in the span of three months.
This upbeat sentiment surrounding the defence stock in the last few sessions follow the company’s recent announcement of securing new orders valued at ₹585 crore.
In an exchange filing, the company indicated that significant orders secured comprise fire control and targeting systems for missiles, communication devices, jammers, spare parts, and support services, among others.
