Shares of Bharat Electronics Ltd (BEL) surged after the company’s order backlog crossed the ₹1 lakh crore mark, supported by the Defence Acquisition Council’s recent clearance of capital-acquisition proposals worth about ₹79,000 crore for the armed forces. Domestic brokerage houses flagged BEL’s increasing role in India’s defence-manufacturing push and ship-yard/ship-borne radar orders. Analysts believe the elevated order book offers multi-year earnings visibility, though they caution about execution risk, supply-chain inflation and defence-budget volatility.