Bharat Electronics is a stock that has been closely watched in recent times, and not without reason. The share prices have closed at ₹287.50, which is 1.59% more than the opening price of ₹283. Now, this comes after its opening price was 0.19% more than the ₹282.45 closing price on 2nd April, sparking hopes of a revival in its fortunes. This was majorly due to the fact that the stock’s opening price of ₹289.90 on 2nd April was 0.71% lower than the closing price of ₹292 on 1st April.
Midday trading saw the momentum continuing, with the share prices touching ₹286.80, which was decently above the opening price as well. The stock did have a plunge to about ₹282.78 earlier before peaking at ₹288.16 and settling at the midday numbers. With its ₹593 crore deal with IAF in the news and updates on missing its FY25 order inflow guidance, expect some interesting price movements for the stock ahead.
Bharat Electronics is clearly reaping the rewards of its mega deal of ₹593 crore with the Indian Air Force (IAF), which led it to open higher than the closing price yesterday. Even at midday, the share price stands at ₹286.80, which is 1.34% more than the opening price of ₹283 today (2nd April). Even though the stock was in the news for missing its FY25 order inflow guidance, the IAF deal has clearly manifested positive sentiments among investors, leading to the positive midday figures.
There was a little drop after initial trading, with the stock coming down to around ₹282.78, before it peaked at ₹288.16 and then settled at the present figure. It remains to be seen how the stock price holds till closing.
On the back of its mega deal of ₹593 crore with the Indian Air Force, Bharat Electronics share prices have opened at ₹283, which is 0.19% more than the closing price of ₹282.45 yesterday (2nd April). The stock did close 2.5% lower than the opening price of ₹289.90 on 2nd April, and this was also lower by 0.71% in comparison to the closing price of ₹292 on 1st April. At the same time, the opening price of ₹302 on 1st April was higher than the closing price of ₹301.32 on 28th March. So, the stock is clearly demonstrating mixed trends in terms of opening above the closing price.
It goes without saying that it will be keenly watched, considering not just its recent IAF deal but also updates of the PSU firm missing its FY25 order inflow guidance. It remains to be seen how it holds up throughout the rest of the day.
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