Priyanka Tiwari
Share
Shares of Navratna Defence Public Sector Undertaking (PSU) Bharat Electronics Limited (BEL) witnessed a positive start in early trading on Monday. The stock opened at ₹280.15 on the BSE, up from its previous close of ₹276.85. The rise comes after two consecutive sessions of decline.
BEL Secures ₹610 Crore Contract for Electro Optic Fire Control System (EOFCS)
The surge in BEL’s stock price follows the announcement of a ₹610 crore contract for supplying Electro Optic Fire Control System (EOFCS) to the Indian Navy.
What is EOFCS?
EOFCS is an indigenously developed system designed for panoramic and sector search, enabling tracking of various targets during day and night. It can engage tracked targets using medium-range and short-range gun mounts. The system will be deployed and integrated into Indian Naval platforms.
Additional BEL Orders and Financial Year Performance
Apart from the EOFCS contract, BEL has also secured additional orders worth ₹352 crore since its last disclosure on January 28, 2025. These include:
- Anti-Drone System
- Fuzes
- Integrated Fire Detection and Suppression System
- Vessel Communication System
- Spares & Services
With these new contracts, BEL’s total order book for the current financial year has reached ₹11,855 crore.
BEL Share Price Performance
- BEL’s stock opened in green at ₹280.15 on the BSE and touched a high of ₹282.25.
- However, due to selling pressure, it declined to ₹275.60.
- Last traded at ₹276.30, the stock was down by 0.20% from its previous close.
BEL Share Price History
- 187% return in the last 2 years
- 309% return in the last 3 years
- 52.99% return in 1 year
- However, a decline of 8.49% over the past six months
BEL remains a strong player in India's defence sector, backed by its consistent order inflow and government support for indigenization. Investors continue to keep a close watch on the stock amid its volatile movement.
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