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Bharat Electronics surges 6% to hit record high

Thus far in the month of April, the stock rallied 15% as compared to 1% decline in Sensex.

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Bharat Electronics Limited

SI Reporter Mumbai
Bharat Electronics (BEL) hit a record high of Rs 182, up 6% on BSE in intra-day trade, in an otherwise range-bound market on the back of heavy volumes.

At 10:51 am; the stock was up 4% at Rs 179 as compared to 0.02% decline in the S&P BSE Sensex. The trading volumes on the counter more than doubled with a combined 7.79 million shares exchanging hands on BSE and NSE so far.

The state-owned company engaged in defence business is likely to report strong financial numbers for the quarter ended March 2017 (Q4FY17).

Thus far in the month of April, the stock outperformed