BEL, GRSE, other defence peers surge up to 7% on order wins, buying interest

Shares of Bharat Electronics Ltd

. (BEL) gained as much as 3% on Wednesday, September 17. Additionally, defence stocks like Garden Reach Shipbuilders & Enginers, Cochin Shipyard, Paras Defence and Space Technologies, and other defence peers also rallied up to 7% on order wins and buying interest.

BEL announced fresh order wins, saying it has secured orders worth ₹712 crore since its last disclosure on September 1, 2025.

“Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, we are enclosing herewith a copy of the press release titled ‘BEL receives orders worth ₹712 crore’,” the company informed stock exchanges in a filing.

According to BEL, the new orders span a diverse range of technology and defence-related projects. These include IT infrastructure and cybersecurity solutions, ESM (Electronic Support Measures) systems, blockchain-based platforms, communication equipment, spares, and other services.

For the June quarter, BEL reported revenue of ₹4,417 crore, up 5.2% year-on-year, though lower than the CNBC-TV18 poll estimate of ₹4,812 crore.

Earnings Before Interest, Tax, Depreciation, and Amortisation (EBITDA) came in at ₹1,240.4 crore, a 32.2% jump over the same period last year and above the CNBC-TV18 poll estimate of ₹1,178 crore.

The EBITDA margin expanded by nearly 6 percentage points to 28.1% from 22.3% a year ago, also surpassing analyst expectations of 24.5%.

Shares of BEL were trading 2.18% higher at ₹411.70. The stock has gained over 40% so far in 2025.