Defence public sector undertaking (PSU) Bharat Electronics Ltd shares today declined 1.21% intraday on Bombay Stock Exchange (BSE) to Rs 273.50 per share. In last 2-weeks, BEL offered shareholders return of 4.03%. The PSU has a market capitalisation of Rs 1,99,922.45 crore. The company on February 8, 2025 informed BSE about receiving an order worth Rs 962 crore from Indian Army.
Meanwhile, brokerage firm Jefferies remains bullish on the stock and recommended investors to buy BEL shares with target price of Rs 370 per share. The stake of PSU insurer LIC is 1.26% in BEL. It is worth noting that Board of BEL declared a total 57 dividends since 2001. Check more details below:
Bharat Electronics Ltd Won Order From Indian Navy
The exchange filing said, BEL inked a contract worth Rs. 610 Cr. for supply of Electro Optic Fire Control System (EOFCS) for Indian Navy. This fully indigenously developed system will be installed and integrated on board Indian Naval Platforms.
Additionally, the PSU received other orders valued at Rs.352 Cr. following the last disclosure on 28 January 2025 which comprises anti drone system, fuzes, integrated fire detection and suppression system, vessel communication system, spares, services etc. With these, BEL has now accumulated orders totaling Rs.11,855 Cr. in the current financial year.
BEL Financials
The company on January 30, 2025 declared a jump of 47.3% in its profit after tax (PAT) for the quarter ended December 31, 2024 to Rs 1316.06 crore as against Rs 893.30 crore declared in the corresponding quarter of last year. Its consolidated revenue from operations surged 38.6% for December 2024 quarter to Rs 5770.69 crore as against Rs 4162.16 crore announced in the similar quarter of last year.
Bharat Electronics Ltd Shares Performance
It is worth mentioning here that the stock witnessed decline of 19.64% from its 52-week high price of Rs 340.35 per share, if today’s last trading price of Rs 273.50 is taken into consideration.
The 52-week high price of BEL shares on BSE is Rs 340.35 per share (as on 10/07/2024) and 52-week low price is Rs 171.70 per share (as on 13/02/2024), respectively. The zero-debt burden stock slipped 6.94% % year-to-date (YTD), fell 9.42% in last 6-months, and soared 51.44% in last 1-year. In last 2-years, aerospace and defence sector stock zoomed 184.16% and surged 305.07% in last 3-years. Shareholders received maximum returns of 849.65% in last 5-years. The scrip rose 708.69% in last 10-years.
Jefferies Recommends Buy Call
The global brokerage firm reaffirmed its buy call to BEL stock with target price of Rs 370 per share. The analyst highlighted BEL’s robust quarterly results, strong order book, and growth prospects in India’s defence electronics sector. “Margin strength gives confidence on profitability sustaining,” added the brokerage firm.
About
BEL came into existence in 1954. The PSU is engaged in the manufacturing of specialised electronic equipment requirements of the Indian Defence Services, according to its official website.
Disclaimer: The stock has been picked from the brokerage report of Jefferies. Moneydaily.in, the author, and the respective brokerage house will not be held accountable for any losses caused as a result of decisions based on the article. Moneydaily.in advises readers to do their own research or consult a SEBI registered investment advisor before making any investment decisions.
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