Bharat Electronics Share Price: BEL Stocks Soar Over 8 pc - Know Why

??The stock hit a record high of Rs 283 per share on the NSE, jumping as much as 8.55 per cent.
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Bharat Electronics Share Up By Over 8 pc: Know Why

Shares of Bharat Electronics Ltd (BEL) surged by over 8 per cent in early trading on Tuesday, May 21, 2024. The reason behind the rise in share price is analysts gave a positive outlook and raised target prices following the company’s strong fourth-quarter results.

Bharat Electronics Ltd, BEL: Share Price At Record High

The stock hit a record high of Rs 283 per share on the NSE, jumping as much as 8.55 per cent.

Bharat Electronics Ltd. (BEL) Q4 Results: Consolidated Net Profit

State-owned Bharat Electronics reported a significant 30 per cent increase in its consolidated net profit for the quarter ending March 31, 2024.

Bharat Electronics Ltd. (BEL) Q4 Results: Consolidated Profit This Year vs Previous Year

The profit rose to Rs 1,797 crore, up from Rs 1,382 crore in the same quarter last year.

Bharat Electronics Ltd. (BEL) Q4 Results: Revenue

The company’s revenue from operations increased by 32 per cent, reaching Rs 8,564 crore compared to Rs 6,479 crore in the corresponding period of the previous year.
Bharat Electronics Ltd. (BEL) Q4 Results: Turnover
BEL recorded a turnover of Rs 8,335.01 crore for the March quarter, up from Rs 6,327.48 crore in the same period last year.
Bharat Electronics Ltd. (BEL) Q4 Results: Full-Year Performance
For the entire fiscal year 2023-24, BEL achieved a turnover of Rs 19,819.93 crore. This is a 14.35 per cent increase from the Rs 17,333.37 crore turnover in the previous year.
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