BEL Share Price ππ
BEL, short for Bharat Electronics Limited, witnessed a modest increase in its share price during Friday’s trading session in the government defense and aerospace sector. The company’s shares were trading at a high of INR 188.5 per share, reaching a 52-week high, while its lowest point in the past year stood at INR 87 per share.
Closing the week on Friday, January 5th, 2024, BEL’s share price stood at INR 186.10, reflecting a marginal decline of 0.43%. However, on Monday, January 8th, the share price showed a slight increase of 0.56% and was trading at INR 187.
BEL has a total market capitalization of INR 1.37 lakh crore. Over the past month, the company’s shares have provided a return of 23% to its investors. In the past six months, investors have enjoyed an impressive return of 54%. Notably, the share price has surged from INR 121 to INR 187 in just six months.
Comparing the current share price to its lowest point in recent times, on January 30th, 2023, when it was trading at INR 88, the stock has witnessed an astounding 120% increase. During the peak of the COVID-19 pandemic in May 2020, BEL shares were trading at a low of INR 20. Investors who bought stocks at this low price have witnessed a remarkable growth of 830% in their investment value.
Going back even further, on January 1st, 1999, BEL shares were trading at a mere INR 0.22 per share. Currently, the stock has witnessed a staggering growth of 84,832% compared to that price. Several prominent brokerage firms have recommended buying BEL shares, with experts setting a target price range of INR 208 to INR 210.
As per the Securities and Exchange Board of India (SEBI), the Indian defense forces have awarded a contract worth INR 4,522 crore to BEL. Under this contract, BEL will supply various caliber fuses. The agreement was signed on December 15th, 2023, between BEL and the Indian defense forces. The order from the Indian defense forces also includes the inclusion of indigenous critical technology.
BEL procures products from Indian electronics and associated industries. The manufacturing of devices by BEL aligns with the objectives of the Make in India program, promoting self-reliance in India.
With BEL’s positive performance in the market, investors can anticipate further growth and potential returns in the future. ππΉ
Note: BEL Share Price as of January 8, 2024.
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
