BEL Stock Rises 3%, Hits 52-Week High on ₹572 Cr Defence Orders

Bharat Electronics Limited (BEL), a leading defence public sector company, has recently caught the attention of investors and analysts alike. The company’s stock price surged nearly 3% on May 19, 2025, reaching a new 52-week high of ₹373.50 ahead of its Q4FY25 earnings announcement. The rally in BEL shares reflects strong market optimism backed by solid fundamentals, recent defence order of ₹572 Cr, and growing investor confidence in the defence sector.

Let’s explore what’s driving BEL’s performance, its recent order inflows, the market outlook, and what analysts expect from its Q4 results.

BEL Share Price Performance

BEL shares have been on a remarkable uptrend recently. On May 19, the stock opened at ₹372.90 compared to its previous close of ₹363.90. The stock surged by 2.6% to touch ₹373.50, its highest price in the last 52 weeks.

This marks the continuation of a bullish trend for BEL stock, which has remained in the green for seven consecutive sessions. During this short period alone, the stock has gained around 22%. BEL has already gained over 17% in May, following a 4% increase in April and a solid 22% gain in March. Source: LiveMint

₹572 Crore Defence Deal

One of the major catalysts for BEL’s recent stock surge is the announcement of a fresh defence order worth ₹572 crore. This includes:

• Integrated Drone Detection and Interdiction System (IDDIS)
• Software Defined Radios (SDR)
• Data Communication Units (DCU) for Attack Guns
• AI-based naval solutions
• Simulators, communication equipment, jammers, spares, and related services

Source: LiveMint

₹2,210 Cr Order from Indian Air Force

On April 7, 2025, BEL announced that it had signed a contract worth ₹2,210 crore with the Ministry of Defence. The order was for the supply of Electronic Warfare (EW) Suites for the Indian Air Force’s Mi-17 V5 helicopters. These EW systems were indigenously designed and developed by the Defence Research and Development Organisation (DRDO) and CASDIC. The suite includes:

• Radar Warning Receiver (RWR)
• Missile Approach Warning System (MAWS)
• Counter Measure Dispensing System (CMDS)
  
• These systems are aimed at significantly enhancing combat survivability and overall mission effectiveness.

Geopolitical Factors Boost Defence Stocks

BEL’s recent rally also comes in the backdrop of heightened geopolitical tension, particularly concerning the India-Pakistan situation and the launch of Operation Sindoor. While the two nations have had a ceasefire agreement, the ongoing focus on national defence preparedness has kept defence stocks in the spotlight.

Rising border tensions often increase government spending on defence, benefiting companies like BEL. Additionally, the government’s continued emphasis on the ‘Make in India’ initiative and indigenisation of defence technology boosts the long-term outlook for defence PSUs.

Export Orders & Indigenisation

BEL has also been focusing heavily on increasing its exports and developing indigenous defence technology. Its export order book now stands at $359 million, reflecting the company’s growing global footprint.

With the increasing demand for modern warfare systems, including drones, communication jammers, and surveillance systems, BEL will likely benefit from domestic and international defence contracts. The company’s ability to manufacture such high-tech systems indigenously gives it a competitive edge.

Key Factors to Watch:

• Progress on QRSAM (Quick Reaction Surface-to-Air Missile) and MRSAM (Medium Range Surface-to-Air Missile) projects.
• Execution timelines for LRSAM (Long Range Surface-to-Air Missile) and Electronic Warfare programs.
• Increase in exports and trends in working capital management. Source: LiveMint

Q4FY25 Results in Focus

BEL recently shared a strong business update for FY25. The company:

• Achieved a turnover of around ₹23,000 crore, up from ₹19,820 crore in FY24 (a 16% growth).
• Secured export sales worth $106 million, a 14% increase from the previous year’s $92.98 million.
• Received orders worth ₹18,715 crore during FY25.
• Maintained a robust order book of ₹71,650 crore as of April 1, 2025, including export orders worth $359 million. Source: LiveMint

Investors are closely watching BEL’s Q4FY25 results, which are scheduled to be announced on May 19. Market experts and brokerage firms expect a healthy performance, supported by robust order execution, solid export growth, and operational efficiency.

Analysts expect Bharat Electronics Limited (BEL) to post a strong financial performance for Q4FY25, projecting a 6% year-on-year (YoY) increase in revenue to ₹9,100 crore. The Profit After Tax (PAT) is estimated to grow by 5.8% YoY to ₹1,900 crore, while EBITDA is expected to rise by 9.3% YoY, reaching ₹2,500 crore.  Source: LiveMint

Conclusion

Bharat Electronics Limited is riding a wave of positive sentiment. With strong order inflows, rising exports, indigenous technology development, and a bullish defence sector outlook, BEL could be well-positioned for long-term growth.

The Q4FY25 results, expected to be announced shortly, will further clarify BEL’s financial health and operational performance. In the meantime, investor confidence remains high, as reflected in the stock’s recent 52-week high. BEL remains a key stock to watch for investors seeking long-term exposure in the defence sector.

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