Bharat Electronics‘ share price was upbeat on Tuesday looking to halt its five straight session losing streak.

What Happened: The jump today comes as the defence company on Tuesday announced the receipt of additional orders worth more than ₹500 crore. The Navratna Defence Public Sector Undertaking revealed in its press release that these orders have been received since its last disclosure on September 11, 2024.

The major orders secured by BEL include EMI shelters, Annual Maintenance Contract (AMC) for Integrated Air Command and Control system nodes, upgrades/spares for gun systems, spares for radars, and communication systems.

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With these new orders, the total accumulation of BEL's orders in the current financial year has now reached ₹7,689 crore.

Shares of the company have been under pressure for the past few weeks. In the last 30 days, the stock has gone down close to 3%. The jump is also in line with the positive momentum experienced by its fellow defence PSUs Mazagon Dock, Garden Reach Shipbuilders, HAL and BDL.

Price Action: BEL’s share price was up 2.58% to trade at ₹274.25 in early trade on Tuesday.

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