BEL Share Price | Signs of bullishness in multibagger defense company share, next target price will make it rich – NSE: BEL
BEL Share Price | The stock market registered a strong rally on Monday. Stock market Nifty 24,222 on Monday (NSE: BEL) But closed 315 points higher. On this bullish note, the brokerage has given BUY rating for Bharat Electronics Limited Company shares. On Monday, November 25, the stock was trading at Rs 293, up 4.33 percent. (Bharat Electronics Limited Company Excerpt)
BEL Company Order Book
Bharat Electronics Limited Company is a major defense company of the country. Bharat Electronics Limited develops radar, missile systems, electronics warfare, avionics, anti-submarine technology. Bharat Electronics Limited's orderbook by September 2024 is around Rs 75,000 crore. The total market capitalization of Bharat Electronics Limited Company is Rs 2.1 lakh crore. On Tuesday (26 November 2024), the stock was trading at Rs 299, up 2.10%.
BEL's development vision strong
Currently Bharat Electronics Limited holds 30-35 percent stake in Defence. The company's contribution is expected to increase further in the coming years. The central government is focusing on indigenization of aircraft, warships, submarines, drones and missiles, in which the company has an important role. Moreover, the company has huge export opportunities.
BEL share target price
Keeping all these factors in mind, experts recommend buying BEL shares. Experts have given a target price of Rs 345 for this stock. Bharat Electronics shares had touched a high of Rs 340 in July. Since then the share has fallen to Rs 270.
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