BEL

THE COMPANY HAS CONFIRMED FRESH ORDERS OF RS. 537 CR.

Bharat Electronics Limited is an India-based company, which manufactures and supplies electronic equipment and systems for the defense sector as well as for non-defense markets. It manufactures electronic products and systems for the army, navy, and the air force. Its defense products include radar and fire control systems, weapon systems, communication, network centric systems (c4i), electronic warfare systems, avionics, anti-submarine warfare systems & sonars, electro-optics, tank electronics, gun upgrades, strategic components, and others. Its non-defense products include electronic voting machines, software solutions / services, healthcare solutions, civil aviation and solar cells/power plants, railway / metro / airport solutions, space electronics and systems, alternate energy solutions, secure communication solutions. It also offers software, electronic manufacturing services and cybersecurity. Its subsidiaries include BEL Optronic Devices Ltd. and BEL-THALES Systems Ltd. Market cap: 285337 Cr Segment: Aerospace & Defense CMP: 390 PE: 53.6 5 Years Profit CAGR: 23.9% Dividend Payout: almost 40% Peer PE: 74.50 Sales growth: 5 Years @ 14% Profit Growth: 5 Years @ 25% Stock price CAGR: 5 Years @ 75% BEL has confirmed the fresh order of Rs. 537 Cr. Order Details: Communication Equipment, advanced shipborne composite communication systems, jammers, software, simulator upgrades, spares, spares, test rigs, and related services. Strong Support at Rs. 380 Strong Resistance at Rs. 400 2nd Strong Resistance at 420 Expecting bullish move from Rs. 390 to Rs 420.