New Delhi, Aug. 25 -- Rs.405 is the line that matters for Bharat Electronics, and on Tuesday morning the stock went there for the fourth time this month and came back again.

49 IST, down 60 paise or 0.15 percent on Monday's close of Rs.409.00, and at Rs.408.30 on the BSE. It opened at Rs.407.00, has ranged between Rs.405.95 and Rs.410.60, and has turned over 49.89 lakh shares, about 37 percent of an average full day. These are live intraday figures from a session that settles at 15:30, and none of them is a closing price.

Seven sessions have now traded inside roughly nine rupees. That is not a stock finding a level. It is a stock waiting for a document. The Rs.30,000 crore quick-reaction surface-to-air missile order that most of the ana...