News India Live, Digital Desk: Bel share updates: Operation Sindoor not only shook the terrorist camps of the Pak -sponsored agency, but it has also had a significant impact on the stock market. Defense stocks have increased significantly in the last few days. Defense stocks have gained momentum and they are giving a lot of returns. Overall, the market has seen a decline, but the decline in defense shares has been different. Amidst all these developments, the leading investment banking firm UBS has increased the rating of one such defense stock India Electronics (BEL).
BEL target price
UBS has “buying” by upgrading BEL’s rating from “neutral” and has given it a new target price. The new target price is estimated to increase from Rs 320 to Rs 450 per share. According to BSE data, BEL shares were at Rs 383.60 at the time of closure.
BEL shows a strong case of opportunities for rapid development. The company has a pipeline of projects worth Rs 2.4 lakh crore, out of which new orders worth Rs 1.4 lakh crore can be changed in FY 25-28. BEL is in a healthy position to get orders in both domestic and export markets. The UBS has said that BEL should now be evaluated at 45 times the price-to-I (PE) multiplier and its evaluation in the stock market is being reduced.
There is a tremendous boom in order and business. In the last two years, BEL’s income and margin have improved significantly. After FY 25, the company is expected to increase the pace of order. The UBS said that during FY 26-28, BEL’s compound annual growth rate (CAGR) could be around 33 percent. EBITDA (income before tax deduction and pre -refinement) in FY 25 is expected to be around 27 percent. EPS (per share income) in FY 25 is expected to reach Rs 7.28, Rs 8.06 in FY 26 and Rs 9.54 in FY 27.
BEL Business
Under the aegis of the Ministry of Defense, Navratna PSU BEL is especially known for the construction of defense equipment such as Akash Missile, IACCS control number and QRSAM missile system. Its latest enterprise is the electronic war system, which has been fully tested and ready for use. The strength of BEL lies in its advanced defense systems and research-oriented approaches. According to BSE data, the price of the company is Rs 2.8 lakh crore.
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