📈 BEL Share Price Soars Ahead of Elections 📈
As the country gears up for the upcoming elections, the spotlight is on Electronic Voting Machines (EVMs) once again. EVMs are the backbone of India’s democracy, capturing every citizen’s vote accurately. But do you know which companies manufacture these machines and the returns investors can expect in the stock market?
In India, only two government companies, Electronics Corporation of India and Bharat Electronics Limited (BEL), manufacture EVMs. BEL, a listed company on the stock exchange, has been seeing a steady rise in its share price over the years. Since the last general elections in 2019, BEL has witnessed a whopping 700% surge in its stock price, offering investors a double return in the past year alone.
According to brokerage firm Prabhudas Lilladher, the bullish trend in BEL’s shares is expected to continue. On Thursday, BEL’s shares were trading at ₹236.45 on the NSE, up by 1.29%. The stock hit a 52-week high of ₹238 during the trading session, marking a nearly 25% gain in the last month.
Aside from BEL, both these government companies supply EVMs to several other countries as well. While most Western nations still use paper ballots for voting, the Indian stock market has seen BEL’s share price surge from ₹29.38 in 2019 to ₹236.45 today, marking a staggering 704% growth in just five years.
Investors who put ₹1 lakh in BEL’s shares in 2019 would now have ₹8,03,267, showcasing the remarkable growth potential of the company. BEL’s stock price has increased by 129% in the last year alone, from ₹102.95 to ₹236.45, offering investors a 72% return in the last six months.
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.
