Bharat Electronics Ltd (BEL)

BEL May Replace LTI Mindtree in Nifty 50 Index - 18 May, 2024

Brokerage firm Nuvama Research projects that Bharat Electronics Ltd (BEL) may replace LTI Mindtree in the Nifty 50 index's upcoming reconstitution. The inclusion of BEL is expected to bring an inflow of $361 million to the counter.

Bharat Electronics Stock News Summary - 17 May, 2024

Bharat Electronics (BEL) is expected to replace two companies in the benchmark Nifty50 index during the next rebalancing exercise in September. An expert recommends buying BEL stock with an expected upside of 250-265. BEL is set to report good Q4FY24 results with standalone PAT seen at Rs 1,490 crore, up 9% YoY.

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.