BEL Share Price | Shares of BEL company will gain momentum, buy for fast returns – Hindi News
BEL Share Price | Amidst the ups and downs in the stock market, the multibagger stock of defense sector Bharat Electronics has once again come under the radar of brokerage. Global Brokerage House Macquarie (NSE: BEL) Says that this stock once again looks ready for fresh growth. PSU shares have fallen by about 15 percent from their record high, which is being seen as a good investment opportunity for investors. This stock has doubled investors' money in one year. , Bharat Electronics Limited Company Shares)
outperform rating
Macquarie has given outperform rating on Bharat Electronics Limited and the target price of investment has been set at Rs 350. The stock will be sold on September 24, 2024 at Rs. Stopped in 292. In this way investors can get returns up to 20 percent from the current price. Over the past one year, the stock has given investors a strong return of 110%. So far in 2024, the stock is up more than 55%. Trading in BEL started in the green on Wednesday, September 25. The stock fell about 1.5 percent in the next session. The stock traded on BSE at Rs. 52-week high of Rs 340.35 and Rs. is less than 127. As such, the stock is trading at about a 15% discount from its record high.
Company's profit increased by 46.89% on annual basis
Bharat Electronics announced its Q1 results on July 29, 2024. The company's profit increased by 46.89% on an annual basis. Revenue declined by 50.45% and profit declined by 55.98% compared to the previous quarter. Selling, general and administrative expenses increased by 4.58% (quarterly basis) and 6.03% (year-on-year).
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