India's Bharat Electronics climbs on order wins

Bharat Electronics

11/03/2025 08:38

** Shares of Bharat Electronics Ltd BAJE.NS rise as much as 2.3% to 278.50 rupees

** State-owned electronic and defense equipment maker said after market close on Monday that it got additional orders worth 8.43 billion rupees ($96 million)

** BAJE currently up 1.2%

** Analysts tracking stock rate it "buy" on avg, similar to other state-owned defence firms - data compiled by LSEG

** Stock trims YTD losses to 6%, slightly better than state-owned firms' ~10% drop this year

($1 = 87.2300 Indian rupees)

 (Reporting by Nandan Mandayam in Bengaluru)

 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))