Huge Returns of 88000%; This Aerospace and Defence PSU Stock is Getting Back-to-back Orders

This company working in the field of aerospace and defence is continuously getting many orders and the share price is also increasing rapidly.

Chairman and Managing Director Bhanu Prakash Srivastava had expressed hope that the company could get orders worth Rs 25,000 crore in the financial year 2024.

Due to the company receiving many orders one after the other, it has received cumulative orders of more than Rs 25000 crore in the current financial year.

Recently Bharat Electronics Limited (BEL) received an order from the Indian Army for artificial magnetic conductors used in radar. The value of this order is Rs 580 crore. Apart from this, the company also has a contract worth Rs 1,075 crore for retro-modification of Commander Sight in battle tanks.

Bharat Electronics Limited (BEL) has signed a ₹250 crore contract with the Defense Ministry for the supply of Integrated Anti-Submarine Warfare System (IAC MOD C) for surface ships in the Indian Navy.

The company has received an order worth Rs 695 crore from Mazao Dock Shipbuilder under which it will supply spares of the missile system. Apart from this, the company has received another order worth Rs 339.31 crore related to the Combat Management System and Composite Communication System.

The company also received orders worth Rs 2673 crore from Goa Shipyard and Garden Reach Shipyard & Engineers Limited last December. Under this order, the company will supply 14 types of sensors for the next-generation offshore patrol vessels.

Apart from this, Bharat Electronics Limited (BEL) also has an order worth Rs 4522 crore from the Indian Army for the supply of fuses of various calibers.

100 Percent Growth in A Year

BEL shares have increased by 53.53% in the last six months and by 102.78% in the last 11 months.

83.74 Percent Growth in 2023

Bharat Electronics Limited (BEL) share price in January 2023 was ₹100.25 and it closed at ₹184.20 on the last trading day of the year with a gain of 83.74 percent.

Bharat Electronics Limited (BEL) Compound Performance

• This stock has gained 344% in the last 3 years.
• The company’s stock CAGR growth in the last 5 years was 47.22%.
• In the last 10 years, this stock has increased investors’ money 19 times.
• If someone had invested Rs 10,000 in it fifteen years ago, then today the value of those shares would have been Rs ₹2.45 Lakh.
• The stock price has increased 1000 times in the last 25 years.
• It is giving returns to its investors at 31.07% CAGR since listing.

Bharat Electronics Limited (BEL) Yearly Performance

Disclaimer: This article is for informational purposes only and should not be considered investment advice.