The company also secured new orders valued at Rs 143.38 billion
BPCL, HPCL, MRPL, Bharat Infratel, Can Fin Homes, IRB Infrastructure, South Indian Bank and Timken India were among 22 stocks from S&P BSE 500 index that touched 52-week lows in intra-day trade today.
BEL received orders worth Rs 100 billion, down 42 per cent, in 2017-18 and lower than the estimates of Rs 160 billion
The stock was up 2% at Rs 178 on BSE after the state-owned company said that its board will consider the proposal for buyback of shares of the company on January 30, 2018
The stock hit a record high of Rs 193, up 10% on the BSE in intra-day trade, on back of heavy volumes.
Analysts raise earnings forecast for defence equipment major, but some also advise caution
Thus far in the month of April, the stock rallied 15% as compared to 1% decline in Sensex.
In past one year, the stock appreciated by 48% as compared to 19% rise in Sensex
The share offer was oversubscribed by 260% with participation from retail, institutional investors
Investors can buy up shares sold by govt as order book, core show, & net profit growth look strong
Sale of 11.1 million shares will be at a minimum price of Rs 1,498/shr, 4% discount to Feb 20 price
The stock hit a new high of Rs 1,624, up 5.5% on the BSE in intra-day trade
Initiatives such as diversification into new businesses support the investment rationale
In past three months, the stock outperformed the market by surging 24% as compared to 2% decline in Sensex.
Shares of the PSU were trading at Rs 1,275, up 0.13 per cent, on the BSE
She was earlier GM of Military Communication Strategic Business Unit at BEL's Bangalore Complex
The firm reported 47% increase in exports to $58 million in 2015-16