BEL analysts raise share price target after strong FY26 guidance and expect ₹450 levels
Majority of the analysts who have coverage on state-run Bharat Electronics Ltd. (BEL) have raised their price target on the stock, after the company, during its earnings call on Tuesday, shared bullish guidance on both revenue and order inflow for the new financial year.
BEL highlighted that the order inflows, excluding the Quick Reaction Surface-to-Air Missile (QRSAM) order, should be up to ₹27,000 crore in the new financial year. In case the QRSAM order materialises this year itself, that number could go up to ₹57,000 crore.
The management expects revenue growth of 15% this year, along with EBITDA margins of 27%.
Brokerage firm JPMorgan has an “overweight” rating on Bharat Electronics (BEL) with a price target of ₹445, which…
