order flow: Strong order flow likely to help BEL stay on growth path

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Synopsis

The company anticipates order inflow of around Rs 70,000 crore over the next two years compared with the previous forecast of Rs 50,000 crore. The revised outlook reflects a new order prospect of Rs 30,000 crore for the Quick Reaction Surface to Air Missile (QRSAM) from the Army and Air Force, expected to materialize in the next fiscal year.

The stock of Bharat Electronics (BEL) has gained nearly 14% since its March quarter result on May 20 following the company’s upbeat guidance on order flow and margin. The state-owned defence supplier manufactures radar, avionics systems for the Indian armed forces, and electronic voting machines for the Election Commission.The company anticipates order inflow of around Rs 70,000 crore over the next two years compared with the previous forecast

BY

ET Bureau

3 mins read, Last Updated:

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