The shares of the Small-Cap company, specializing in designing, manufacturing, and supplying advanced electronic products and systems for both defence and non-defence sectors, are in focus as the Indian Army issued a tender for Anant Shastra missile systems worth Rs. 30,000 Crores to boost air defence near China and Pakistan.
With a market capitalization of Rs. 2,94,730.28 Crores on Monday, the shares of Bharat Electronics Ltd rose by 3.1 percent after making a high of Rs. 408.25 compared to its previous closing price of Rs. 395.90.
What Happened
Bharat Electronics Ltd, engaged in designing, manufacturing, and supplying advanced electronic products and systems for both defense and non-defense sectors, is in focus after the Indian Army issued a Rs 30,000 crore tender for procurement