The company made this announcement after market hours on Thursday, 5 July 2012.

Meanwhile, the BSE Sensex was down 79.32 points or 0.45% to 17,459.35.

On BSE, 2,828 shares were traded in the counter as against average daily volume of 5,085 shares in the past one quarter.

The stock hit a high of Rs 1,396.70 and a low of Rs 1,371 so far during the day. The stock had hit a 52-week high of Rs 1,765 on 1 August 2011. The stock had hit a 52-week low of Rs 1,199.15 on 4 June 2012.

The stock had outperformed the market over the past one month till 5 July 2012, surging 12.9% compared with the Sensex's 9.48% rise. The scrip had, however, underperformed the market in past one quarter, tumbling 10.01% as against Sensex's 0.3% gain.

The large-cap state-run firm has an equity capital of Rs 80 crore. Face value per share is Rs 10.

Bharat Electronics' (BEL) net profit fell 25.5% to Rs 333.84 crore on 3.3% decline in net sales to Rs 2232.11 crore in Q4 March 2012 over Q4 March 2011.

State-run Bharat Electronics is a major supplier of products and turnkey systems to the Indian defence services. Over the years, it has grown into a multi-product, multi-technology, multi-unit company serving the needs of customers in diverse fields in India and abroad. The Government of India (GoI) holds 75.86% stake in Bharat Electronics (as per the shareholding pattern as on 31 March 2012).