Bel Shares Hit Record High On Securing Orders Worth Rs 528 Crore; Here's What Analysts Say

Shares of Bharat Electronics Ltd (BEL) jumped 3.38 per cent successful Tuesday's trade, reaching a grounds precocious of Rs 435.95, pursuing nan announcement of caller orders worthy Rs 528 crore received by nan defence PSU. The institution stated that nan latest orders see radars, connection equipment, EVMs, jammers, shelters, power centres, spares and related services.

Some analysts stay optimistic astir BEL's semipermanent maturation prospects, citing a beardown bid pipeline and accordant execution. However, 1 of them cautioned that nan banal appears to beryllium successful overbought territory successful nan adjacent term, suggesting that investors adopt a much measured attack astatine existent levels.

"BEL has been outperforming its peers successful nan defence assemblage and is presently trading astatine its all-time precocious levels. Investors pinch a semipermanent position whitethorn proceed to clasp nan stock," said Kranthi Bathini, Director of Equity Strategy astatine WealthMills Securities.

"We clasp a affirmative outlook connected BEL's bid book, pinch expected inflows from cardinal defence projects including nan LCA, LRSAM spares, radars and different systems, which should support sustained maturation successful nan coming fiscal years," Rajesh Sinha, Senior Research Analyst astatine Bonanza, stated.

BEL has maintained a dependable uptrend, trading supra each cardinal EMAs (Exponential Moving Averages), noted Osho Krishan, Senior Analyst – Technical & Derivative Research astatine Angel One. "The caller rally has pushed nan banal into overbought territory, warranting a cautious approach. From a method standpoint, nan Rs 390–385 scope whitethorn enactment arsenic a support zone. It is advisable to way profits arsenic agelong arsenic nan affirmative momentum continues," Krishan besides said.

BEL has a price-to-earnings (P/E) ratio of 59.90 against a price-to-book (P/B) worth of 18.20. Earnings per stock (EPS) stood astatine 7.23 pinch a return connected equity (RoE) of 30.39. As of March 2025, promoters held a 51.14 per cent liking successful nan state-run defence player.

Published on: Jul 1, 2025 10:35 AM IST