Bharat Electronics share prices have closed at ₹285 today (11th April), which is about 0.70% higher/lower than the opening price of ₹283 for the day. The latter was also 1.01% higher than the closing price of ₹280.15 on 9th April, which indicated positive sentiments of investors around the stock, particularly after news emerged about its mega deal with the Ministry of Defence to the tune of ₹2,210 crore and a healthy order book of ₹71,650 crore.
At midday, the share prices were at ₹285.95, which indicated 1.04% growth over the opening price, after some mild peaks and troughs. The closing price today clearly indicates that the stock has continued the opening and midday trends on the back of its order book updates.
Bharat Electronics continues the strong trends from the opening, touching ₹285.95 at midday, in comparison to the opening price of ₹283, which indicates growth of about 1.04%. This has come as a welcome development for investors, particularly since the stock closed lower than the opening price of ₹281 on 9th April by about 0.30%.
The company has been making headlines for its mega ₹2,210 crore deal with the Ministry of Defence (MoD) to supply helicopters to the Indian Air Force. This may have propelled stock prices forward, and it remains to be seen how they play out by the end of the day.
Bharat Electronics has started the day positively, growing by 1.01% over the closing price of ₹280.15 on 9th April, touching ₹283 at market opening time on 11th April. This signals a slight reversal of the slumping trend seen on 9th April, when the stock closed about 0.30% lower than the opening price of ₹281. There was a slight midday recovery on the day, when it touched ₹281.15 and then it fell to the closing figures. The opening prices were also lower than the closing price on 9th April, while it closed 0.35% lower than the opening price on 8th April too.
Bharat Electronics has recently inked a deal of ₹2,210 crore with the Ministry of Defence to supply helicopters to the IAF and this may impact stock prices going forward.
Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory.
To read the RA disclaimer, please click here
Vaishnavi Tech Park, South Tower, 3rd Floor
Sarjapur Main Road, Bellandur
Bengaluru – 560103
Karnataka
Contact Us