Morgan Stanley has reiterated its ‘overweight’ stance on Bharat Electronics Ltd (BEL), setting a target price of ₹364 per share. The firm highlighted BEL’s strong order inflows, with new contracts worth ₹8.43 billion, including RF seekers, vessel, air traffic management system, electro-optic repair facility, radar upgradation, spares, and more.
On March 6, BEL secured additional orders worth ₹5.77 billion, taking the total order inflow for FY25 to ₹146 billion, compared to its guidance of ₹250 billion for the fiscal year.
At the time of assessment, BEL’s share price was trading at ₹272.29.
Disclaimer: This article is for informational purposes only and should not be considered as investment advice. Please consult a financial expert before making any investment decisions.
