Bel share price: The shares of the government defense company Bharat Electronics Limited (BEL) today showed such a strong trend of purchasing that it reached a record high by jumping at the speed of the rocket. This boom in its shares came on the positive trend of brokerage firm UBS, which increased the target price of investment in BEL shares by about 41 percent. Due to this, BEL shares jumped more than one and a half percent. Some investors took advantage of this fast but still it remains in the green zone. Currently, it is up 0.73 per cent to Rs 386.15 on BSE. It had jumped 1.71 per cent in intra-day to Rs 389.90.
What is the target price of investment in BEL now?
UBS hopes that BEL’s order book may see a significant rise between FY 2025 to FY 2028, which has been the most important factor for its upgrade. According to brokerage, a long-term order pipeline of about Rs 2.4 lakh crore may soon be converted into orders. According to the UBS, the recent war between India and Pakistan has proved its strength by the Akash Missile System, IACC Control System, L70 Gun Upgrade, Shilka Weapons System and Radars and now new and repeated orders can be found from the company’s domestic and foreign markets.
BEL has now become UBS’s most favorite stock in Defense Space on the expectation of fast growth in earnings and a rapid bounce in the order book in the next three years. In his recent earnings call, BEL had hoped that it could get an order of Rs 27 thousand crore in this financial year. At the same time, the orderbook can reach 30 thousand crores by mixing the quick reaction surface-to-air missile order.
In view of all these things, UBS has upgraded its rating from neutral to the rating and has also increased the target price from Rs 320 to Rs 40.63 per cent to Rs 450, which is the best target price for this. Jaypemorn has fixed a target price of Rs 445 for investment in it. Recently, the brokerage firm had reduced its rating to neutral from purchasing.
How was the move of shares in a year
Of the 29 analysts covering India Electronics, 25 have purchased it, two hold the hold and two have sales rating. The target price that UBS has increased by UBS for investment in it is more than 16 per cent and is highest than the current level. Now, in the last one year, it was on the move of its shares, on 5 June 2024, it was at Rs 230.00 last year, which is a one -bottom level of one year for its shares. It jumped 69.52 per cent in 11 months from this lower level and reached Rs 389.90 on 23 May 2025 today, which is a record high for its shares.
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