BEL shares jump 2% amid weak market; latest buzz you need to know

Shares of defence PSU Bharat Electronics Ltd (BEL) were trading in the positive territory in the afternoon deals on Monday, June 8, in an otherwise weak market, amid a news report that the Indian Air Force (IAF) is potentially eyeing a large procurement of HAMMER (Highly Agile Modular Munition Extended Range) precision guided air-to-ground weapons for the Rafael fleet.

In November 2025, BEL, the Navratna PSU, had signed a joint venture cooperation agreement (JVCA) with France’s Safran Electronics and Defence (SED) to produce the HAMMER precision-guided air-to-ground weapon in India.

The JVC, with equal shareholding between BEL and SED, will focus on the manufacturing, supply, and maintenance of HAMMER to meet the operational needs of the IAF and the Indian Navy, the Indian defence firm had said in a press release at the time.

The transfer of production will happen in a phased manner, ensuring a stabilised production line in India.

According to BEL, the level of indigenisation will progressively rise to about 60%, with key sub-assemblies, electronics, and mechanical components to be manufactured domestically. BEL will lead the final assembly, testing, and quality assurance activities.

BEL stock performance

Shares of BEL advanced as much as 1.79% to hit an intraday high of ₹415.50 per unit on the National Stock Exchange (NSE) on Monday, June 8.

At around 2:57 PM, the stock was trading 1.35% higher at ₹413.70 per equity share.

The scrip has gained more than 1% in the past week but fallen 6% over the month. On a year-to-date basis, it has risen 4%.

While the share hit a 52-week high of ₹473.45 apiece on March 6, 2026, it touched a year’s low of ₹361.20 on August 28, 2025.

BEL Q4 results

The company reported a consolidated net profit of ₹2,225 crore in the fourth quarter of the financial year 2025-26 (Q4 FY26), marking an increase of 5% year-on-year (YoY) from ₹2,127 crore in the same period last year.

Its revenue from operations grew 12% YoY to ₹10,224 crore in the January-March quarter as compared to ₹9,150 crore in the corresponding quarter of the previous fiscal year.

BEL has a total market capitalisation of ₹3.02 lakh crore as of June 8, 2026, according to data on the NSE.