Bharat Electronics shares slip 2% despite Rs 770 crore radar contract from India's MoD
India's defence ministry signed a Rs 770 crore radar deal with Bharat Electronics, but the stock slipped about 2%, according to TradingView.
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what happened
India's Ministry of Defence has awarded state-run Bharat Electronics a Rs 770 crore order for upgraded low-level lightweight radars, known as LLLR-I. The system can spot and follow fighter jets as well as small and micro drones, and it grows out of the Aslesha radar developed by DRDO's LRDE and built by BEL. It uses four fixed gallium nitride phased-array panels to cover the full 360 degrees without moving parts.
The ministry called the purchase a notable move toward homegrown air defence hardware and said it would support smaller domestic manufacturers. TradingView reported that BEL shares were quoted at Rs 363.50 on the NSE at 9:26 am on October 22, down Rs 7.70, or 2.07%. Separately, the company disclosed fresh orders worth Rs 1,011 crore received since October 13.
why it matters
The contract is modest for a company of BEL's size, so its direct effect on the stock looks limited. More relevant for investors may be the steady order flow: additional orders of Rs 1,011 crore since mid-October point to continued demand from the defence sector.
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- Bharat Electronics shares fall over 2% despite Rs 770-crore radar deal — TradingView, 22 October 2026 at 04:03 UTC
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