Shares of defence equipment maker Bharat Electronics Ltd today jumped 11.1 per cent to a record high of Rs 3,574.
The company’s December-quarter net profit rose 42 per cent to Rs 272 crore.
According to analysts, the results were a strong beat versus estimates.
Revenue recovery should reinforce belief in BEL’s execution ability, and support the re-rating from indigenisation in defence, according to investment bankig firm Jefferies.