Synopsis: Precision Electronics Ltd hits 10% upper circuit after bagging a government defence order for telescopic masts, tripods, and accessories, strengthening its presence in the aerospace and defence sector.
The shares of one of the leading OEM, which specialises in telescopic masts, tripods, pedestals, and power electronics for security, telecom, and oil & gas, hit a 10 percent upper circuit in the day’s trade after securing a government defence order.
With a market capitalisation of Rs. 293 cr, the shares of Precision Electronics Ltd are currently trading at Rs. 212.05, locked at 10% upper circuit in today’s market session, up from its previous close of Rs. 192.80 per share. The stock has delivered strong returns, gaining 61.5% over the past year, 31% in the last six months, and 13% in the past month.
About the order
Precision Electronics Limited (PEL) has been awarded a significant contract by a government entity in the Aerospace and Defence sector. Under the order, PEL will supply telescopic masts and tripods, along with associated accessories, fully tailored to the customer’s specifications. The contract is set to be executed within the current financial year, with a total value of approximately Rs. 2.73 crore.
The order is not a related-party transaction and will be carried out on standard arm’s-length commercial terms. This award highlights PEL’s expertise in delivering high-quality, reliable solutions for critical defence applications.
It also strengthens the company’s presence in the government and defence sectors, reaffirming its position as a leading provider of telescopic masts, tripods, and related infrastructure solutions. Additionally, on December 18th, it received a domestic order from a private entity in the defence sector, with a contract value of approximately Rs. 2.16 cr for the supply of machined parts.
Precision Electronics Limited (PEL) delivers complex, highly reliable products and solutions. Its portfolio includes telescopic masts, tripods, pedestals, and power solutions for telecom, healthcare, and electric vehicles. PEL also offers box-build manufacturing, precision machining, sheet metal, and electronic/system assembly, serving telecom, security, government, automotive, oil & gas, and hi-tech customers.
The company’s sales dropped 30%, falling from Rs. 22.26 cr in Q1FY26 to Rs. 15.55 cr in Q2FY26. Operating profit turned into a loss of Rs. 0.24 cr, down from a profit of Rs. 0.77 cr, while the net loss widened from Rs. 0.28 cr to Rs. 1.40 cr.
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