BEL Share Price | Beneficial update on defense company, multibagger stock in focus, bullish signs – NSE: BEL
BEL Share Price | Bharat Electronics Limited Company share price 24 percent from its highest level (NSE: BEL) Has fallen by more than. On Tuesday, October 5, the stock was trading 0.53 per cent higher at Rs 285.65. (Bharat Electronics Limited Company Excerpt)
Bharat Electronics Limited Company is under pressure after the rise in the stock in the last 1-2 years. BEL stock has given multibagger returns in the last 1 years. On Wednesday (6 November 2024), the stock was trading at Rs 301, up 5.19%.
BEL Company Share – Target Price
BEL Company Share in July 2024 to Rs. A high of 340 was touched. At present the stock of BEL Company has entered a bullish phase. BEL stock is down 24% from its all-time high. BEL Company stock has support around 200-DEMA. The daily RSI of BEL stock has also crossed 50, which is a bullish signal and a positive sign for the stock. Experts have given a target price of Rs 315 for the share. Experts have also advised to set stoploss at Rs 265.
Prabhudas Leeladhar Brokerage Firm
Experts of Prabhudas Leeladhar brokerage firm have given BUY rating to Bharat Electronics Limited Company share. According to Prabhudas Lilladher brokerage firm, BEL stock is consolidating and volatility will continue on the counter. Prabhudas Lilladher brokerage firm has estimated that if BEL share settles above Rs 300 then it can go up to Rs 340.
Stock gave multibagger returns
The stock has given 23.20% return in the last six months. The stock has given a return of 107.52% over the last year. The stock has given 683.03% returns in the last five years. The stock has given a return of 54.45% on a YTD basis.
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