Bharat Electronics gains after good Q4 result

Bharat Electronics rose 1.65% to Rs 113.80 at 10:27 IST on BSE after net profit rose 19.67% to Rs 668.62 crore on 9.97% rise in total income to Rs 4013.43 crore in Q4 March 2019 over Q4 March 2018.

The announcement was made after market hours yesterday, 29 May 2019.

Meanwhile, the S&P BSE Sensex was up 213.65 points, or 0.54% to 39,715.70

On the BSE, 7.24 lakh shares were traded in the counter so far compared with average daily volumes of 11.57 lakh shares in the past two weeks. The stock had hit a high of Rs 116.95 and a low of Rs 111.60 so far during the day.

Bharat Electronics' order book position as on 1 April 2019 was Rs 51798 crore. During the year the company has successfully completed the supply of Electronic Voting Machine (EVM) and Voter Verifiable Paper audit Trail (VVPAT) within a stringent delivery schedule to meet the requirement of Election Commission of India for the general elections.

Bharat Electronics produces a wide range of state-of-the-art equipment in fields such as defence communication, radars, naval systems, c4i systems, weapon systems, homeland security, telecom & broadcast systems, electronic warfare, tank electronics, electro optics, professional electronic components and solar photovoltaic systems.

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