Bharat Electronics will hold a meeting of the Board of Directors of the Company on 10 August 2017.

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Bharat Electronics announced that the Board of Directors at its meeting held on 10 August 2017 approved the proposal for issue of Bonus shares to the existing shareholders of the Company in the ratio of 1:10 ( One Bonus share for every 10 shares held). The aforesaid proposal is subject to the approval by Members of the Company at the ensuing Annual General Meeting through remote e-voting and ballot.

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The result was announced after market hours yesterday, 31 July 2017.

Meanwhile, the S&P BSE Sensex was up 0.69 points at 32,515.63

On the BSE, 4.51 lakh shares were traded on the counter so far as against the average daily volumes of 4.31 lakh shares in the past one quarter. The stock hit a high of Rs 187.40 in intraday trade so far, which is record high for the counter. The stock had hit a low of Rs 181.20 so far during the day. The stock had hit a 52-week low of Rs 119.05 on 14 September 2016.

The stock had outperformed the market over the past one month till 31 July 2017, rising 10.91% compared with 5.15% rise in the Sensex. The scrip had, however, underperformed the market in past one quarter, falling 2.32% as against Sensex's 8.67% rise. The scrip had also outperformed the market in past one year, surging 44.4% as against Sensex's 16.11% rise.

The large-cap company has equity capital of Rs 223.36 crore. Face value per share is Re 1.

Bharat Electronics' order book as on 1 July 2017 stood at Rs 41052 crore.

Bharat Electronics was established at Bangalore, India, by the Government of India under the Ministry of Defence in 1954 to meet the specialised electronic needs of the Indian defence services. Over the years, it has grown into a multi-product, multi-technology, multi-unit company servicing the needs of customers in diverse fields in India and abroad.

The Government of India held 68.18% stake in Bharat Electronics (as per the shareholding pattern as on 30 June 2017).

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Net profit of Bharat Electronics rose 247.24% to Rs 125.32 crore in the quarter ended June 2017 as against Rs 36.09 crore during the previous quarter ended June 2016. Sales rose 98.36% to Rs 1694.55 crore in the quarter ended June 2017 as against Rs 854.30 crore during the previous quarter ended June 2016.

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