BEL bags Rs 2,323 crore defence orders from Mazagon Dock, GRSE; stock hits fresh high, up 34% YTD

BEL bags Rs 2,323 crore defence orders from Mazagon Dock, GRSE; stock hits fresh high, up 34% YTD

Defence major Bharat Electronics Ltd (BEL) on Thursday, June 5, announced another new order worth Rs 2,323 crore from defence public sector undertakings Mazagon Dock Shipbuilders Ltd (MDL) and Garden Reach Shipbuilders & Engineers Ltd (GRSE). The order pertains to the provision of base and depot spares for missile systems that are installed on Indian…

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Defence stocks rally after Operation Sindoor: HAL, BDL, BEL surge up to 7% as tensions with Pakistan escalate

Defence stocks rally after Operation Sindoor: HAL, BDL, BEL surge up to 7% as tensions with Pakistan escalate

India’s defence sector stocks witnessed strong buying interest on Friday, May 9, after the Indian Armed Forces carried out strategic missile strikes under Operation Sindoor targeting nine terror hubs in Pakistan and Pakistan-occupied Kashmir (PoK). This escalation, following the deadly Pahalgam terror attack, has reinforced investor confidence in companies catering to India’s military infrastructure and…

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