BELRISE

wins Rs 776 crore order; should you buy defence stock below Rs 400?

BEL Share Price Target: Navratna defence company Bharat Electronics Ltd (BEL) has received an additional orders worth Rs 776 crore. This is the first order win by BEL since the last disclosure made the company on November 14. In an exchange filing on Friday (December 12), BEL said that the major orders received include indigenous Counter Unmanned Aerial System (SAKSHAM), software defined radios, anti drone systems, communication equipment, medical electronics, gun control systems, weapon control systems, security software, avionics, masts, components, upgrades, spares, services etc.