Bharat Electronics surges 10% on strong Q4 results, hits over 3-year high

The company said it has a healthy order book position of Rs 53,434 crore as on April 1, 2021

Shares of Bharat Electronics (BEL) hit over three-year high of Rs 166.45 after rallying 10 per cent on the BSE in intra-day trade on Wednesday after the company reported a strong set of numbers for the quarter ended March 2021 (Q4FY21). Besides, the company has recommended a final dividend of Rs 1.20 per equity share (120 per cent) of Rs 1 each for the financial year 2020-21.

The stock of the state-owned defence company was trading at its highest level since February 2018. The trading volumes on the counter has seen an over four-fold jump with a combined 57.18