Bharat Electronics Share Price Rises As JPMorgan Reiterates ‘Overweight’ Rating
Bharat Electronics Ltd. saw its share price rise after JPMorgan reiterated its ‘overweight’ rating on the stock. The brokerage highlighted BEL’s strong structural growth prospects and consistent performance as key factors behind its positive outlook.
Over the past six months, BEL’s stock price has decreased by 4%, but over the past year, it has increased by 30%. During these periods, BEL’s stock has performed better than the Nifty 50, beating it by 6% over the past six months and by 30% over the past year. Despite a recent 20% correction from its peak, JPMorgan views this as a good entry opportunity, citing BEL’s diversified and consistent play in India’s defence capital expenditure.
The brokerage expects BEL’s revenue, Ebitda,…
