Shares of state-run Bharat Electronics Ltd. (BEL) recovered from the day’s low after the management commentary during its March quarter earnings call. The management said that it is anticipating orders worth at least ₹27,000 crore in financial year 2026.
This figure, shared by the management, is excluding the Quick Reaction Surface-to-Air Missiles (QRSAM) order, whose size, the management has pegged at ₹30,000 crore.
The management of BEL during the earnings call also highlighted that the visibility on the emergency procurement orders is expected after a week and the company is anticipating a minimum of 8 to 10 orders within this.
With regards to the QRSAM order, the management mentioned that the order may be finalised by February-March of 2027, but may slip to April-May and hence the order flow numbers are excluding that order.
Shares of BEL are currently trading at the flat line at ₹364. The stock has risen 21% in the last one month.
This is a developing story.
