Bharat Electronics Ltd (BEL)

Bharat Electronics Sees Positive Uptrend and Expected Inflow - 17 May, 2024

Bharat Electronics is recommended by Axis Securities due to a strong uptrend and positive bias. The company is also expected to replace two companies in the Nifty50 index, leading to an estimated inflow of $361 million.

Bharat Electronics' Dominance in Defence Electronics - 16 May, 2024

Bharat Electronics is a frontrunner in the field of defence electronics, dominating the supply of radar, communication, and electronic warfare equipment to the Indian armed forces. The company's total order book stands at around ₹760 billion, providing revenue visibility for the next couple of years. Analysts find Bharat Electronics attractive on valuations.

BEL Shares Find Support and Potential Upward Move - 15 May, 2024

Bharat Electronics Ltd (BEL) shares have found support at the 50 EMA, with technical indicators suggesting a potential upward move towards Rs 238-240. Analysts recommend adopting a long call strategy to capture this momentum.

Nomura Initiates Coverage on Bharat Electronics Ltd - 09 May, 2024

Nomura India has initiated coverage on Bharat Electronics Ltd (BEL) with a buy rating and a target price of Rs 300, reflecting improved visibility, strong competitive moat, and well-established presence in significant defence contracts. BEL is poised to demonstrate revenue, EBITDA, and PAT CAGRs of 16%, 18%, and 22%, respectively, over FY23-FY26.

BEL Shares Recommended by Stock Market Expert - 08 May, 2024

Bharat Electronics Limited (BEL) is recommended by stock market expert Arun Mantri for short-term profits with a target price of Rs 242. Increased defense spending and aim of achieving Atmanirbharta in Defense have fueled the growth of PSUs like BEL.

Bharat Electronics Ltd. Stock Trades Steady - 30 Apr, 2024

Shares of Bharat Electronics Ltd. traded steady at Rs 235.45 on Tuesday, with a total value of Rs 22.84 crore and 972,919 shares changing hands. The stock has advanced 127.93% in the past year, while Sensex rose 25.23%. It trades at a P/E ratio of 48.68 and a price-to-book ratio of 5.14.

Antique Stock Broking Bullish on Defense PSUs - 29 Apr, 2024

Antique Stock Broking remains bullish on defense PSUs like Bharat Electronics Ltd (BEL), Hindustan Aeronautics Ltd (HAL), and Bharat Dynamics Ltd (BDL) due to multiple big-ticket orders from the Ministry of Defense, which has strengthened their order book and revenue visibility for years to come.

BEL Shares Hit 52-Week High on Positive Outlook - 25 Apr, 2024

Bharat Electronics Ltd (BEL) shares rose 1.54% to hit a 52-week high of Rs 240 following Axis Sec's bullish outlook suggesting an upside target of Rs 250-255. The company reported consolidated sales of Rs 4329.58 crore for the quarter ended December 31, 2023, while its MACD signalled a bullish bias.

Bharat Electronics Ltd Stock Increases by 25% in Three Months - 23 Apr, 2024

Bharat Electronics Ltd's stock has increased significantly by 25% over the past three months. The company's ROE for the trailing twelve months to December 2023 is 24%, indicating efficient reinvestment of earnings and decent growth prospects. Analyst forecasts suggest that the company will maintain its current growth rate.

Jefferies Names BEL as Top Pick in Defence Sector - 19 Apr, 2024

BEL is named among Jefferies' top picks from the defence sector, with a Buy rating and target prices suggesting more upsides ahead. Domestic defence spend growth and rising focus on self-reliance are fuelling order flow and revenue growth for domestic defence companies.