This multibagger Navratna defence PSU stock skyrockets 330% in 2 years, secures major contracts worth Rs 5,225 crore in 3 months

Defence PSU Stock: Navratna company Bharat Electronics Limited (BEL), a key player in the aerospace and defence sector, has secured a significant deal. According to information provided to the stock market, BEL received an export order worth 25.75 million euros (approximately Rs 235 crore) from Thales Reliance Defence Systems (TRDS). This brings BEL's total orders to Rs 5225 crore in the current financial year. Notably, BEL is a multibagger stock, delivering over 160% returns to shareholders in the past year.

BEL Order Details

As per the information disclosed to the BSE, Bharat Electronics (BEL) has received an export order of 25.75 million euros (Rs 235 crore) from Thales Reliance Defence Systems for the manufacture and supply of Transmit Receive (TR) modules, which will be used in the radars of fighter aircraft.

Additionally, on June 28, 2024, BEL secured orders worth Rs 192 crore, which include spares and services for communication equipment, encryptors, radars, fire control systems, and more. This brings BEL's total orders to Rs 5225 crore in the current financial year. In late June, BEL announced a Rs 3172 crore contract with Armored Vehicles Nigam Ltd. (AVNL). Furthermore, BEL secured orders worth Rs 418 crore for Doppler Weather Radar, Classroom Jammers, Spares, and Services.

BEL Share Performance

BEL is recognized as a multibagger defence stock. Over the past month, the stock has increased by 15 per cent, 43 per cent in the past three months, and 82 per cent in the past six months. In 2024, the stock has risen by more than 80 per cent. Over the last year, BEL has delivered a 161 per cent return, 332 per cent over the past two years, and 444 per cent over three years. However, on Friday (July 12), the Defence PSU stock closed with a decline of 0.67 per cent, settling at Rs 333.30. The stock's 52-week high is Rs 340.53, and the low is Rs 123.55, with the company’s market cap at Rs 2,43,634.93 crore.