India's Bharat Electronics, Mishra Dhatu Nigam, BEML up on defence order

Mishra Dhatu Nigam

05/03/2024 04:46

** Shares of Bharat Electronics  BAJE.NS , Mishra Dhatu
Nigam  MISR.NS , BEML  BEML.NS  up between 1.2% and 2.8%
    ** India's Ministry of Defence said on Monday it signed a
deal with the cos to develop fuel and control system for engines
    ** BAJE had hit record high earlier in session
    ** BEML, BAJE on track to climb for third consecutive day
    ** MISR, along with other space-linked stocks, had climbed
on Feb. 22 on the Indian government relaxing foreign investment
rules
    ** In the last 12 months, BEML up 171%, MISR climbed 112%,
and BAJE rose 120%

 (Reporting by Varun Vyas in Bengaluru)
 ((varunvyas.hebbalalu@thomsonreuters.com))