This stock will go to record level… 16 out of 23 experts predict, say- buy, the price is ₹ 270 right now
Analyst opinion BEL stock
Bharat Electronics Limited (BEL) is a Navaratna company under the Ministry of Defence, Government of India. It manufactures cutting-edge and innovative electronic products and systems for the Army, Navy and Air Force. BEL has also diversified into various areas such as homeland security solutions, smart cities, e-governance solutions, space electronics including satellite integration, e-vehicle charging stations, sonar, network and cyber security, railway and metro solutions, airport solutions, electronic voting machines, telecom products, passive night vision devices, medical electronics, composites and software solutions.
Bharat Electronics Limited (BEL), a Navratna Defence Public Sector Undertaking, has secured additional orders worth Rs 843 crore since last disclosure on 06 March 2025.
Bharat Electronics Ltd Share: Shares of government-owned Nifty 50 company Bharat Electronics Limited (BEL) are constantly in the news. On Tuesday, the company’s shares fell marginally to Rs 270 in early trade. Meanwhile, global brokerage firm Morgan Stanley said in its research note that the stock of defense sector company Bharat Electronics Limited may see a good rally in the coming days. The company’s stock is expected to reach a record high of Rs 364 per share. Let us tell you that at present this stock has come down 20 percent from its 52-week high of Rs 340.50.
What is the detail
Morgan Stanley has recommended ‘overweight’ on BEL. Its target price is ₹ 364 per share. The foreign brokerage has written in its note that BEL has received new orders worth ₹ 843 crore. Key orders include RF seekers, vessel and air traffic management systems, radar upgrades, electro-optic repair facilities, spares, services and more. Let us tell you that BEL had received new orders worth Rs 577 crore on March 6. The total order inflow for FY25 is now Rs 14,600 crore, while the guidance was Rs 25,000 crore.
Analyst opinion
Out of 23 analysts giving ‘buy’ rating to Bharat Electronics, 16 expect the stock to surpass its previous record high of Rs 340 and may even touch the level of Rs 400. Earlier on Monday, Jefferies retained a ‘buy’ recommendation on BEL with a target price of ₹325. The brokerage said in its note that the management has reiterated its FY25 guidance to be met, which coupled with global news on rising defence spending could be a trigger for BEL in the near future. Among other brokerages, Phillip Capital and Motilal Oswal have a ‘buy’ rating on BEL with a target price of ₹390 and ₹360, respectively.
Nirmal Bang Institutional Equities has also given a ‘buy’ rating to BEL with a target price of ₹326 after the third quarter results. The multibagger PSU bluechip counter had announced an interim dividend earlier this month. The board of BEL had declared an interim dividend of ₹1.50 per equity share (150%) of face value of ₹1.
Good idea