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Defence stocks: The sharp rise in the share prices pushed the Nifty Defence index up nearly 1.7 percent to hover around 9,037 in the morning.
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Bharat Electronics share price: The stock has seen significant surge in recent days, jumping nearly 25% in the past one month. The stock has gained over 34% so far in 2025, and over 51% in the past one year.
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The Nifty Defence index has ended in the green in 10 out of the past 11 sessions, and the m-cap of the index has jumped by Rs 48,700 crore since May 21.
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On June 3, Nifty India Defence index was up 1.6 percent to hover around 8,833, thus bucking the downtrend in the overall market.
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The Nifty India Defence index has extended gains for a third consecutive session, supported by hopes of stronger orderbooks for defence manufacturers and hopes of sustained demand for the longer term.
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If it bags the QRSAM (Quick Reaction Surface to Air Missile) project this year, then BEL could exceed Rs 50,000 crore in total orders for the fiscal year.
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The rise in the defence shares also comes amid an overall uptrend in the market, with benchmark indices Sensex and Nifty snapping a three-day losing streak
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Three promoters of Paras Defence cumulatively sold 13.34 lakh shares of the company in large bulk deals, adding to the selling pressure in the pack which has seen a record run in recent weeks.
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BEL reported 6.8 percent increase in revenue from operations to Rs 9,149.6 crore from Rs 8,564 crore in the year-ago quarter. It also declared a final dividend for the financial year 2024-25.
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Q4 Results Live: Around 98 companies are announcing their results for the January-March quarter of the financial year 2025.
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Defence index hit the fresh 52-week high on Friday amid strong buying in the sector on hopes of boost in domestic defence manufacturing industry after Operation Sindoor achieved unequivocal success.
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The Nifty India Defence index closed with modest gains of about 0.7 percent, but select shares saw strong buying interest. The DGMOs' assurance of armed forces being prepared for future missions 'should the need arise' supported investor sentiment in this space.
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The Indian government announced that Pakistan attempted strikes on Indian military installations using drones and missiles overnight. Indian Armed Forces then targeted air defence radars and systems at multiple locations inside Pakistan, and an air defence system positioned in Lahore was successfully neutralised.
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Defence stocks rallied for the second straight session on Tuesday, with several shares surging up to 14 percent on heightened tensions along the India-Pakistan border.
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The Nifty Defence index jumped 4.5 percent, marking its strongest intraday gain since April 15, 2025. Seventeen of its eighteen constituents were trading in the green
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BEL has fixed Tuesday, 11th March, 2025 as the record date for the purpose of payment of interim dividend on equity shares for the financial year 2024-25.
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Bharat Electronics Ltd (BEL) shares surged ahead of the Union Budget 2025, buoyed by strong Q3 earnings, bullish brokerage calls, and optimism over a robust order pipeline. The PSU defence stock’s breakout above key price levels shows bullish sentiment.
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Analysts said the government’s continued emphasis on domestic defence production, coupled with increasing export orders, provides a long-term growth runway for the sector.
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The MoU with Space Applications Centre (SAC), ISRO is to collaborate, indigenise, and develop infrastructure for manufacturing space-grade Travelling Wave Tube Amplifiers (TWTAs) in India, BEL said
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Defence stocks have seen renewed positive interest since June 5 as the Bharatiya Janata Party (BJP) secured sufficient support from key allies and PM Modi returned to power for a third consecutive term.
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Improving product mix, strong R&D focus, increase in non-defence segment revenue, and exports should drive BEL performance
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The company received orders worth Rs 18,298 crore so far in FY24 against its annual guidance of Rs 20,000 crore
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The bulk of the orders, amounting to Rs 3,914 crore, has been received for the Akash Weapon System, which is a short range surface-to-air missile air defence system.
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There are two core drivers of capex in the near term — the National Infrastructure Pipeline (NIP) and capex plans of the private sector driven by multiple sector-specific factors.
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Overall, the BEL earnings trajectory is good; with the expected improvement in margins and large orders in the coming months, the outlook remains promising and should support the stock
