BEL Secures ₹572 Cr Defence Orders, Adding Firepower to India's Self-Reliance Mission

has added another ₹572 crore to its order book with contracts for advanced systems like integrated drone detection, software-defined radios, AI-based naval solutions, simulators, and jammers which is showing its growing edge in defence tech. This comes right after last month’s ₹2,210-crore order for electronic warfare systems for the IAF’s Mi-17V5 helicopters, developed with DRDO. These back-to-back wins underline BEL’s rising role in India’s defence upgrade and focus on self-reliance, especially amid rising geopolitical risks. The market has clearly taken note, BEL has broken past the key ₹340–₹342 resistance with strong volume on both daily and weekly charts. The stock now trades well above major moving averages (9 EMA, 70 SMA, and 100 SMA), and with the daily RSI at 80.45 and weekly RSI at 70.61, the trend remains firmly bullish. After breaking out from the long-held ₹320–₹340 range, the stock is eyeing ₹385–₹400 in the near term, though short pauses or a pullback around ₹340–₹350 can't be ruled out. Immediate support lies at ₹339.95, with a solid base near ₹320.75. I have attached the daily chart of for your reference. Follow me for more such posts, Thank You! Disclaimer: This post is for informational purposes only and not a recommendation to buy or sell any securities. I, or my family, associates, or relatives, may have a financial interest in the securities mentioned.