India's Bharat Electronics gains on defence ministry contract

Bharat Electronics

20/02/2025 09:26

** Shares of Bharat Electronics  BAJE.NS  rise 2.5% to 259.7
rupees
    ** Stock among top gainers on Nifty 50 index  .NSEI , which
is down 0.09%
    ** Ministry of Defence inked contract worth 12.20 billion
rupees ($140.9 million) with co for procurement of 149 software
defined radios for Indian Coast Guard
    ** 21 analysts covering the stock on avg have a "buy"
rating; median PT is 347.5 rupees - data compiled by LSEG 
    ** Stock up 5% so far this week vs a 0.07% fall in NSEI
     


($1 = 86.5930 Indian rupees)

 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))