Defence stock Bharat Electronics (BEL) has been hitting 52-week lows for the last three consecutive sessions. BEL shares dropped 1.7% to hit a new 52-week low of ₹360.80 in intraday trade on Friday, 9 October, before ending with a modest gain of 0.38% at ₹368.50, snapping their two-day losing run.
In the last one year, the stock has lost 10% compared to a 12% fall in the equity benchmark Sensex and a 5% gain in the BSE Industrials index. The stock has suffered a bigger loss of 16% in a shorter timeframe of 6 months. The Sensex has declined 5%, while the BSE Industrials has jumped 7% in the same period.
Over the last three and five years, however, the defence stock has delivered multibagger returns of 172% and 453%, respectively.
BEL is a Navratna defence public sector undertaking (PSU). As per the company's annual report for the financial year 2026 (FY26), its net worth improved to ₹23,698 crore from ₹19,698 crore in the previous year.
As of 1 April 2026, its order book stood at ₹73,882 crore. The company claimed it achieved its highest turnover of ₹26,680 crore during the year, growing by 16% year-on-year (YoY).