Wed Apr 02 09:40:00 UTC 2025: ## BEL Stock Plunges After Missing FY25 Turnover Projections

**Mumbai, April 2, 2025** – Shares of Bharat Electronics Ltd (BEL) plummeted over 5% today after the state-owned defense firm reported a lower-than-expected turnover for fiscal year 2024-25. While BEL announced a 16% year-on-year growth in turnover, reaching approximately Rs 23,000 crore, this fell short of its projected Rs 25,000 crore.

The company’s stock price dropped 5.3% to Rs 276.6 apiece at 10:10 am on the Bombay Stock Exchange (BSE). Despite securing orders worth Rs 18,715 crore during FY25, including significant contracts for projects such as BMP II upgrades and various radar systems, the missed turnover target negatively impacted investor confidence. BEL’s total order book currently stands at approximately Rs 71,650 crore, including an export order book of $359 million.

BEL Chairman & Managing Director, Manoj Jain, attributed the company’s growth to increased indigenization efforts and expansion strategies, aiming to maintain its market leadership. However, the shortfall in turnover projections overshadowed these positive developments. The company also reported a 14% increase in export sales, reaching approximately $106 million.

**(Note: The information about the Traders Gurukul event and Moneycontrol app features are unrelated to the BEL stock news and have been omitted from this news article for clarity.)**

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