The shares of Bharat Electronics (BEL) made decent gains in the last trading hour of June 5 to hit a 52-week high of Rs 394.70 apiece. This comes after the company announced significant order wins from two of its defence peers.
In an exchange filing, Bharat Electronics announced that it has received orders from Mazagon Dock Shipbuilders and Garden Reach Shipbuilders & Engineers (GRSE), cumulatively worth Rs 2,323 crore, excluding taxes. The said orders are for the supply of base and depot spares for the missile systems on Indian naval ships, the Navratna defence Public Sector Undertaking (PSU) said. "The spares will ensure operational continuity of onboard mission critical equipment," it added.
Bharat Electronics shares have seen significant surge in recent days, surging nearly 25 percent in the past one month. The stock has gained over 34 percent so far in 2025, and over 51 percent in the past one year.
Mazagon Dock Shipbuilders shares closed in the green with marginal gains. Although the stock has fallen over 3 percent in the past five days, it has gained nearly 11 percent in the past one month. It has seen a significant surge of nearly 53 percent so far in 2025.
Garden Reach Shipbuilders & Engineers (GRSE) shares meanwhile jumped nearly 2 percent to close at Rs 3,415 apiece. Earlier in the day, the stock had jumped 5 percent to hit a fresh 52-week high of Rs 3,532 apiece. This came after the defence PSU announced that it has entered into a memorandum of understanding (MoU) with Hamburg-based Carsten Rehder for the potential construction of four multi-purpose cargo vessels.
The stock has surged 13.5 percent in the past five days, and 77 percent in the past one month. The stock has rallied a whopping 107 percent in 2025 so far, and 189 percent in the past one year.
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