Bengaluru, June 9 -- The shares of the prominent defence company gained up to 1.15 percent in today's trading session after the company inked a memorandum of understanding with Tata Electronics.

With a market capitalization of Rs 2.87 lakh crore, the shares of Bharat Electronics Ltd were trading at Rs 393.50 per share, increasing around 0.72 percent as compared to the previous closing price of Rs 390.70 apiece.

The shares of Bharat Electronics have seen positive movement after the signing of a Memorandum of Understanding (MoU) with Tata Electronics towards the development of indigenous electronics and semiconductor solutions in line with the Government of India's vision for self-reliance.

Moreover, BEL and Tata Electronics will collab...