India's Bharat Electronics hits 3-week low as FY25 orders miss forecast

Bharat Electronics

02/04/2025 06:35

** India's Bharat Electronics BAJE.NS down 9% in two days as FY2025 order inflows below expectations

** BAJE falls 6% on the day to three-week low of 274.45 rupees; biggest pct loser among Nifty 50 .NSEI stocks

** ICICI Direct Research says order pipeline remains robust; contracts of Atulya radar and Shakti Phase IV, and two large orders for surface-to-air missiles to be placed in near-to-medium term

** Defence company secures orders worth 187.15 billion rupees in FY2025, down from its forecast of 250 billion rupees

** Nearly 26 million shares change hands in an hour's trade, surpassing six-month avg daily volume

** BAJE down 6.4% YTD

 (Reporting by Vivek Kumar M)

 ((VivekKumar.M@thomsonreuters.com;))