Defense Stock Marathi News: Defense shares have been performing strongly for the last one month. One of these stocks is Bharat Electronics Limited or BEL. In the last one month, the price of BEL shares has increased by more than 25 per cent, while in the last 3 months the stock has given 46 per cent returns. The lead in shares of Bharat Electronics Limited continued on Wednesday.
Today, as soon as the market opened, Bharat Electronics Limited shares rose by 4 per cent to Rs 379. The 379 rupee level is the highest level of the share of 52-week. According to experts, both defense stock India Electronics Limited and BIL will maintain this speed in future. Investing these shares will be beneficial for investors.
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India electronics share target price
Bharat Electronics Limited shares may touch the target price of Rs 430 in the coming time. According to brokerage firm Nuwama, this stock will continue to rise in the coming times and it has been given a rating to buy. Brokerage had earlier given a target price of Rs 350 for this stock. This positive stance of brokerage has become clear after the company’s good results in the March quarter.
Nuwama Brokerage said that Bharat Electronics Limited had registered a profit of 30.6% in the March quarter, the market estimate of more than 24.7%. The management of Bharat Electronics Limited has said in its guidance that its revenue may increase by 15 percent and operating profit margin to 27 percent. Which is showing positivity.
Nuwama Brokerage says that if the company completes large orders in its pipeline on time, the company’s operational performance will show further improvement, which will support re-painting. According to the data, Bharat Electronics Limited (BEL) has an order book of Rs 71,650 crore by April 1, 2025. This includes an export order of $ 359 million.
Fourth quarter results of India Electronics Limited
In the fourth quarter, the company’s net profit increased by 18 percent to Rs 2,127 crore.
The total revenue of Bharat Electronics Limited reached Rs 9,344 crore in the March quarter.
The operating revenue of Bharat Electronics Limited increased by 7 percent to Rs 9,150 crore in the Revenue March quarter.
