Short Term Stock Option : Buy BEL AUG

• July 29, 2021
• By Dipankar Sardar
• 85 Views 245 comments

Bharat Electronics Limited (BEL) is an Indian state-owned aerospace and defence electronics company. It primarily manufactures advanced electronic products for ground and aerospace applications. BEL is one of nine PSUs under the Ministry of Defence of India. It has been granted Navratna status by the Government of India .Starting with the manufacture of a few communication equipment in 1956, BEL started producing receiving valves in 1961, germanium semiconductors in 1962 and radio transmitters for AIR in 1964. In 1966, BEL set up a radar manufacturing facility for the army and in-house R&D. In 1967, BEL began manufacturing transmitting tubes, silicon devices and integrated circuits. The PCB manufacturing facility was established in 1968. In 1970, BEL started making black & white TV picture tubes, X-ray tubes and microwave tubes. In 1971, BEL set up facilities for the manufacture of integrated circuits and hybrid micro circuits. 1972, BEL established manufacturing facilities for TV transmitters for Doordarshan. In 1973, BEL began manufacturing frigate radars for the navy. Under the government’s policy of decentralisation and due to strategic reasons, BEL set up new units at different location across the country. The second unit of BEL was set up at Ghaziabad in 1974 to manufacture radars and Tropo communication equipment for the Indian Air Force. The third unit was established at Pune in 1979 to manufacture image converter and image intensifier tubes. In 1981, a manufacturing facility for magnesium manganese dioxide batteries was set up at Pune. The Space Electronic Division was set up at Bangalore to support the satellite programmes in 1982. That year, achieved a turnover of Rs. 1 billion (US$21 million).

STRIKE PRICE- 200

Script Name –BEL

Buy Price –6-6.40

Profit Target-13

Stop Loss-2.90

Call Duration-Short Term

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