Bharat Electronics has been making headlines for its recent ₹2,210 crore deal with the Ministry of Defence (MoD) for supplying helicopter kits to the Air Force. This news led to the stock opening at ₹282.45 today in a surge of 3.08% above the closing price. It delighted investors, especially since the closing price yesterday was also substantially higher than the opening price of ₹257 for 7th April (which was sizably lower than 4th April’s closing price). It has now closed at ₹281.45, which is 0.35% lower than the opening price.
Yet, by midday, the stock was trading at ₹277.30, in a marked slump from the opening figures by around 1.82%. It peaked at ₹282.611 and fell to ₹276.93 before hitting the closing numbers. It
Bharat Electronics has been making news for its recent ₹2,210 crore order from the Defence Ministry. Interestingly, however, while the stock opened at ₹282.45 today, soaring 3.08% above yesterday’s closing price, it is now trading at ₹277.30 by midday, marking a drop of 1.82% from the opening numbers. There was an initial peak at ₹286.11 and then the stock has seen a steady slide with the lowest point being ₹276.93 before it settled at the midday numbers.
This means that there are mixed sentiments circulating around the stock, despite its recent order win and that could influence stock prices considerably by the end of the day.
Bharat Electronics share prices have opened at ₹282.45, which is 3.08% more than yesterday’s (7th April) closing price of ₹274. This comes on the back of news updates regarding the recent order win of ₹2,210 crore from the Defence Ministry, and the development has put share prices firmly in focus, with marked positive investor sentiments around it. The 7th April opening price of ₹257 was a shocker for investors since it was lower by 8.37% than the 4th April closing price of ₹280.50. Even on 4th April, the prices opened lower than the closing figures on 3rd April. So, after two straight days of this trend, they have opened higher than the closing price today.
By midday yesterday, the share prices had recovered to stand at 4.31% more than the opening price. Let us see whether prices surpass the opening figures further by closing in an extension of yesterday’s trends.
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