Bharat Electronics Ltd Share Price (BEL)

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.

Bharat Electronics Hits New High Amid Strong Business Outlook - 12 Apr, 2024

BEL is named a top pick by Macquarie Equity Research and continues to demonstrate strong momentum in its price structure, hitting a new high of Rs 235.20 with expected YoY revenue growth of 30%.

Bharat Electronics Achieves Record Turnover in FY24 - 10 Apr, 2024

Bharat Electronics Limited (BEL) achieved a record turnover of ₹19,700 crore during fiscal 2023-24 and secured orders worth around Rs. 35,000 crore. The company's export sales also grew by 92% YoY to $92.98 million. BEL's net profit for Q3 FY24 was ₹859.6 crore, up 40% YoY. The stock hit its fresh 52-week high mark at ₹232.90 apiece on the BSE.

Bharat Electronics Ltd Shares See Long Addition in Derivatives Space - 08 Apr, 2024

Bharat Electronics Ltd shares are seeing long addition in the derivatives space, with a consolidation breakout above 220-221 levels. Traders suggest buying BEL April 230 call options (CE) for short-term gains as the stock is exhibiting immense strength and breaching short-term resistances on daily basis.

BEL Stock Trades Up Despite High P/E Ratio - 05 Apr, 2024

Despite a high P/E ratio of 45.1x, BEL has been doing relatively well with superior earnings growth. The company reported consolidated sales of Rs 4329.58 crore for the quarter ended Dec 2023. Additionally, BEL developed Akashteer Command and Control Systems to automate air defense control processes.

BEL Partners with BEML for Indigenous Train Control Management System Development - 04 Apr, 2024

Bharat Electronics Limited signs an MOU with BEML to develop an indigenous Train Control Management System aimed at reducing import dependency. Jefferies India maintains a positive outlook on BEL's prospects and raises its price target from Rs 225 to Rs 260.

Jefferies Bullish on Defence Sector, BEL Reports Record Turnover - 02 Apr, 2024

Jefferies analysts are bullish on the Indian defence sector, recommending buy calls on HAL, BEL, and Data Patterns. Jefferies sees potential upsides of up to 45% for these stocks. Meanwhile, BEL reported its highest-ever turnover in FY24, rising 13.7% YoY to Rs 19,700 crore, while its order book stood at Rs 76,000 crore as of April 1. Shares of BEL also rose to new 52-week highs.

Bharat Electronics Achieves 13.65% YoY Growth in Turnover - 01 Apr, 2024

Bharat Electronics achieved a turnover of around Rs. 19,700 crore during FY2023-24, registering a growth of 13.65%. The company also achieved export sales of around US$92.98 million, with the total order book standing at around Rs.76,000 crore as on April 1, 2024.

Analyst Predicts Bharat Electronics to Reach Rs 350 by Year End - 31 Mar, 2024

An analyst predicts that Bharat Electronics will reach a stock price of Rs 350 by the end of the year due to its strong order book and defence contracts. The current target for April is at least Rs 240.

BEL's Order Book & Growth Potential Boosts Analyst Confidence - 27 Mar, 2024

Bharat Electronics Limited (BEL) receives positive analyst coverage from Anand Rathi and ICICI Direct due to strong order book position, robust pipeline, and potential for growth in self-reliance in defense and export markets. BEL remains confident in achieving full-year targets.

Bharat Electronics Reports Marginal Revenue Increase and Robust Order Book - 25 Mar, 2024

Bharat Electronics reported a 4% increase in revenue and a 9% increase in net profit during the December quarter. The company holds an impressive order book of Rs. 76,000 crores with growth drivers including Shakti EW system, BMP upgrade, and QRSAM orders. Bharat Electronics is diversifying into non-defense areas such as energy storage products for electric vehicles to enhance revenue streams.

Bharat Electronics Announces Second Interim Dividend - 22 Mar, 2024

Bharat Electronics has announced a second interim dividend of Rs 0.70 per equity share. The record date for eligibility is March 23, and the dividend will be paid within 30 days from the declaration date.