Bharat Electronics share price up 9%: What to expect from the defence stock

Bharat Electronics share price: The shares of Bharat Electronics Ltd (BEL) rallied over 9 per cent today (May 21) as the PSU’s Q4 earnings beat estimates flanked by strong margins. The gross profit margin for BEL has remained strong since the past three quarters averaging at 48.5 per cent. Today, the shares of the company rose 9.25 per cent to hit a high of ₹282.80 on BSE and the stock is up 154 per cent in the past one year.