BEL Shares up 4% Today — Should You Buy, Sell or Hold?
Bharat Electronics shares soared 4% in today’s trading session. As of 10:28 am, shares of BEL were trading at ₹378.90 apiece, up 4.18%.
BEL Shares up 4% Today — Should You Buy, Sell or Hold?
Bharat Electronics shares soared 4% in today’s trading session. As of 10:28 am, shares of BEL were trading at ₹378.90 apiece, up 4.18%. In the past month, the stock was up by 26%, buoyed by improving operating margins and strong order book visibility, despite poor FY25 order inflows.
The scrip traded at a forward P/E of 43.9x, above than five-year average of 21x,. Brokerages remain bullish on the stock on the back of strong fundamentals and the evolving margin story.
The company posted a profit after tax of ₹2,100 crore, up 18% YoY, while revenue surpassed Bloomberg estimates by 3% at ₹9,120 crore.
Should investors buy, sell or hold?
Nomura gave a ‘Buy’ rating on the stock, factoring in robust Q4 earnings, but maintained a cautious approach by setting a target price of ₹363 apiece. Most brokerages have upgraded the earnings estimates of the company.
Calling BEL a top sector pick, Nuvama Institutional Equities raised the target price from ₹385 to ₹430. The brokerage sees “higher localisation, a favourable product mix, and operational efficiencies” driving future growth.
Taking note of robust Q4FY25 earnings and healthy margins, Motilal Oswal raised the target price to ₹410 from Rs 360.
