BEL shares in focus after Rs 2,210 crore order to supply EW kits for IAF helicopters

Shares of Bharat Electronics (BEL) will be in focus on Tuesday after the defence PSU secured a significant order worth Rs 2,210 crore (excluding taxes) from the Ministry of Defence. The contract is for supplying state-of-the-art Electronic Warfare (EW) suites for the Indian Air Force’s Mi-17V5 helicopters.

The advanced EW suite has been indigenously designed by DRDO’s Centre for Airborne Systems and Integrated Defence Combat Systems (CASDIC), and will be manufactured by BEL. The system includes a Radar Warning Receiver (RWR), Missile Approach Warning System (MAWS), and Counter Measure Dispensing System (CMDS), aimed at enhancing helicopter survivability by detecting and countering radar and missile threats.

This order marks a strategic boost to India’s defence indigenisation efforts and strengthens BEL’s long-standing role in supporting the armed forces. With this contract, BEL’s total order intake in FY25 has risen to Rs 2,803 crore.

Earlier, on April 1, BEL reported total orders worth Rs 18,715 crore for FY25, short of its Rs 25,000 crore guidance. However, it recorded a provisional turnover of Rs 23,000 crore for FY24—up 16% from Rs 19,820 crore in the previous year, beating its revenue growth target of 15%.

Key orders received during the year included the BMP II Upgrade, Ashwini Radar, Software Defined Radios, Data Links, Multi-Function Radars, and EON 51, along with projects in the non-defence sector.

Also Read: From Ambani to Adani: India’s 4 richest billionaires lose over $10 billion in bloody Monday market crashBEL shares price targetAs per Trendlyne data, the average target price of the stock is Rs 337, which shows an upside of 24% from the current market prices. The consensus recommendation from 24 analysts for the stock is a ‘Buy’.

Technically, the stock’s Relative Strength Index (RSI) is at 41.9. An RSI below 30 signals oversold conditions, while above 70 indicates overbought territory. The stock’s MACD stands at 5.9, above the center line but below the signal line. BEL shares are currently trading below all key short- and long-term moving averages, including the 5-day to 200-day simple moving averages (SMAs).

BEL shares price performance

On Monday, BEL shares closed at Rs 273.1 on the BSE, down 2.5%, while the benchmark Sensex declined 1.95%. The stock is down 7% year-to-date but has gained 176% over the past two years. Its market capitalisation currently stands at Rs 1.99 lakh crore.

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