BEL Share Price: The pressure seen in the shares of Bharat Electronics Limited (BEL) after rising by more than 98 percent in just 5 months last year and reaching a record high in July, still persists. At present it is 13 percent downside from this high. However, according to Amit Anwani of domestic brokerage firm Prabhudas Lilladher, this decline is a buying opportunity. According to Amit, this is the best stock to invest in defense electronic space. Currently on BSE it is at a price of Rs 295.00 with a decline of 0.56 percent.
What is the target price for investing in BEL?
According to Amit, BEL shares can go up to the price of Rs 341, which is more than 15 percent above the current level. Speaking to CNBC-TV18, he said that he has confidence in Bharat Electronics which can achieve the target of annual order intake of Rs 25 thousand-30 thousand crore in three to four years. He showed great enthusiasm for reforms in the defense sector. Right now he is very positive about the defense electronics segment and has chosen BEL as the top pick in this also. He said that he does not pay much attention to private sector companies but there is good activity in simulation and training in which Gen Tech can benefit. Apart from this, Astra Microwave Products and Apollo Micro Systems may benefit from growth in hypersonic technologies. However, he has also cautioned investors about valuation.
Talking about BEL, so far in this financial year 2025, the company has received orders worth Rs 9801 crore, which is only 40 percent of the target of Rs 25 thousand crore. Of the 26 analysts covering BEL, 21 have given it a buy rating, two have given hold and three have given sell rating.
How were the shares in one year?
Bharat Electronics shares have made huge profits for investors in a short period of time. Last year on February 13, 2024, it was at Rs 171.70, which is a one-year low for its shares. From this low level, it jumped by more than 98 percent in 5 months to reach a price of Rs 340.35 on July 10, 2024, which is a record high for its shares. However, the rise of shares stopped here and at present it is about 13 percent downside from this high.
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