India's Bharat Electronics rises on order wins worth about $77 million

Bharat Electronics

27/08/2026 05:10

** Defence equipment manufacturer Bharat Electronics BAJE.NS rises 1.2% to 411.6 rupees
** Co wins orders worth 7.3 billion rupees ($76.51 million)
** Orders include communication equipment, radar systems, avionics, tank subsystems and electro-optic systems, among other products
** BAJE trades at forward 12 month PE of 40.17, in-line with industry median
** 28 of 30 brokerages covering the stock rate it "buy" or higher; their median PT is 500 rupees
** YTD, stock up 1.8% vs 7.4% decline in Nifty 50 Index .NSEI


($1 = 95.4100 Indian rupees)

 (Reporting by Abhinav Parmar in Bengaluru)
 ((Abhinav.Parmar@thomsonreuters.com;))