BEL Share Price | Defense company's stock will prosper, stock rating update, note the target price – NSE: BEL
BEL Share Price | There was a big fall in the stock market on Tuesday. However, on Tuesday the shares of many companies (NSE: BEL) It was fast. Bharat Electronics Limited shares were also trading with gains. On Tuesday, October 29, the stock had closed at Rs 283.25, up 4.89 per cent. (Bharat Electronics Limited Company Excerpt)
second quarter results
Bharat Electronics Limited shares are rising as the company announced its second quarter results. Shares of many defense companies have fallen in the last few days. Meanwhile, UBS brokerage firm has given positive signals regarding BEL shares. UBS brokerage firm also gave neutral rating to the stock while paying the target price. On Wednesday (30 October 2024), the stock was trading at Rs 290, up 2.12%.
UBS Brokerage Firm – Target Price
UBS brokerage firm said in a report, Bharat Electronics Limited Company has extended the new contract, due to which the rating of the stock has increased. Also, the gross margin estimate remained unchanged at 42 percent. According to UBS brokerage firm, there has been no major change in the terms of the contract on the defense project. However, with positive signals, the scope for growth in new contracts is limited. As a result, UBS brokerage firm has given neutral rating to the stock. Similarly, the target price has been given at Rs 320.
economic 2025 quarterly results
Bharat Electronics Limited announced its second quarter results last week. Net profit of major public sector defense company Bharat Electronics Limited increased by 38 percent to Rs 1,092.45 crore.
multibagger return
The stock has given 20.33% return in the last 6 months. The stock has given a return of 114.66% over the last year. The stock has given 605.83% return in the last 5 years. The stock has also returned 53.15% on a YTD basis.
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