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Bharat Electronics on defence bet

Nilanjan Dey

An expanding market, courtesy higher expenditure on defence, is set to propel Bharat Electronics, say market men, adding that orders placed by civilian sources and export operations will also do their bit on this front. The company, which is catering to the telecommunications sector, is seeking to leverage contract manufacturing services as well.

On the BSE, the Bharat Electronics stock closed at Rs 1,121.05 after declining to a low of Rs 1,110. Volumes, however, were somewhat low, with a little more than 14,000 shares being traded.

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