Bharat Electronics Ltd (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.

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.