Rs 68,000 crore order book and back-to-back new orders: This multibagger aerospace & defence stock bags new order worth Rs 7,637 crore!

Shares of the company have gained more than 40 per cent in the last six months.

Bharat Electronics Limited (BEL) has secured a massive Rs. 2,673 crore order from Goa Shipyard Limited and Garden Reach Shipbuilders & Engineers for supplying 14 types of sensors for Next Generation Offshore Patrol Vessels (NGOPVs). This deal not only strengthens BEL's order book but also supports the 'Atmanirbhar Bharat' program by promoting domestic participation in electronics and associated industries, including MSMEs.

Furthermore, BEL has received additional orders worth Rs. 86.15 crore for miscellaneous Spares and services, bringing their cumulative order total for the current financial year to an impressive Rs. 25,935.15 crore.

Recently, BEL also secured an Rs. 4,522 crore order from the Indian Army for supplying fuses of various calibres. This significant contract was signed on December 15th. Additionally, BEL has racked up additional orders worth Rs. 356 crores for diverse products like Electronic Warfare Testers, medical systems for export, and Electronic Voting Machine (EVM) consumables.

Bharat Electronics Limited is a multi-product, multi-technology, multi-unit conglomerate with various products in the areas of military communication, radars, naval systems, C4I systems, weapon systems, homeland security, telecom & broadcast systems, electronic warfare, tank electronics, electro-optics, professional electronic components, and solar photovoltaic systems.  The company has an order book of Rs 68,000 crore. The stock has also delivered multibagger returns of over 350 per cent in the last three years.

The stock has shown tremendous growth and investors should keep a close eye on this stock.

Disclaimer: The article is for informational purposes only and not investment advice.