BEL Share Price Target 2025, Stock To Buy Before Diwali: Bharat Electronics Limited (BEL), a Navratna defence PSU company and retail's favourite defence stock,
has bagged an additional orders worth Rs 1,092 crore, the company said in a statement on Monday (September 29) after market closing. This is the first order win for BEL after the last disclosure made on September 16. BEL said that the major orders received include EW System Upgrade, Defence Network Upgrade, Tank Sub Systems, TR Modules, Communication Equipment, EVM, Spares, Services etc. As on April 1, 2025, BEL order book stands at Rs 71,650 crore. On September 15, BEL had bagged orders with Rs 712 crore. Before that, BEL had secured orders worth Rs 644 crore. BEL, headquartered at Bengaluru, is the biggest beneficiary of indigestion. On Monday, BEL shares closed 1.24 per cent higher at Rs 400.80 on NSE.
BEL Share: Portfolio Stock
Speaking to ET NOW Swadesh Ratnesh Goyal, Head of Technical Analysis at Arihant Capital, has said that BEL shares corrected from Rs 430-435. After correction, BEL shares are once again showing positive momentum. BEL is currently hovering around Rs 400 and the view is positive for both and long-term.
"BEL is currently consolidating near short-term moving averages. The chart is also strong. BEL chart is showing no sign of any reversal on the downside," the market expert said.
BEL Share Price Target
For long-term investors, the market expert said, BEL is definitely a good portfolio stock.
"My recommendation on BEL is to stay investors. Rs 360 is an important level to watch, which should be the stop loss. I am expecting a fresh buying in BEL once the defence stock completes the current consolidation. A fresh buying momentum will return in BEL shares above Rs 425. I am confident that BEL will be able go past the previous 52-week high level in the current leg of rally," the market expert added.
BEL is a constituent of Nifty 50 index. According to exchange data, BEL shares have rewarded investors by producing bumper returns in the long-term. In the last one year, BEL shares have rallies 36 per cent. In two, three and five years, BEL shares have skyrocketed 189 per cent, 303 per cent and 1151 per cent, respectively.
BEL has a dividend yield of 0.60 per cent and the company commands a market capitalisation of Rs 2,92,427.70 crore.
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(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
