Multibagger stock return, awesome…! Awesome stock that returns 360 percent in three years, note the name – multibagger stock update bharat electronics share price hits 52 week high
Shares of the company saw a rally yesterday on June 22 and touched a 52-week high of Rs 127.35. However, the stock could not sustain this momentum. Shares of the company closed at Rs 123.65 with an increase of 0.69 per cent in yesterday’s trading session on the NSE. Thus the market cap of the company has increased to Rs 90,239.22 crores.
Received two large orders worth Rs.5900 crores
Bharat Electronics recently received two large orders. BDL has received its first order for two regiments of upgraded Aakash Weapon System (AWS) with upgrades. This order is worth Rs 3914 crore. Apart from this, the company has received another order worth Rs. 1984 crores.
The company’s order book position on April 1, 2023 was Rs 60,690 crore. With the new order, the company’s current order book stands at Rs 66,590 crore. The company has declared a final dividend of Rs 0.60 per equity share of face value Rs 1.
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Performance of shares
Shares of Bharat Electronics have returned 15 percent in the last one month. The company’s shares have gained 28 percent in the last six months. 23 percent return has been given so far this year. Not only this, the shares of the company have increased by 63 percent in the last one year and have made a bumper profit of 360 percent in the last three years.
Mumbai Stock Market was started by 5 people who used to sit under a tree; The market has changed so much in 148 years
What does the company do?
BEL was established in 1954 to cater to the specialized electronic equipment requirements of the Indian Defense Services. The company was founded in collaboration with CSF France (now Thales). During the financial year 2023-23, the company has received several orders from the Government of India and the Ministry of Defence.
