BEL shares in focus after securing Rs 585-crore defence orders; June tally nears Rs 3,500 crore
Shares of Bharat Electronics Ltd (BEL) will be in focus on Monday after the state-owned defence electronics major announced fresh orders worth Rs 585 crore, adding to a string of recent wins that have pushed its total order inflow for June to nearly Rs 3,500 crore.
ADVERTISEMENT Also Read: 11 Nifty mid & smallcap stocks that can rally 40-90% over the next 12 months
In a stock exchange filing on Friday (June 20), BEL said the new orders include fire control systems, missile sighting systems, communication equipment, jammers, critical spares, and associated services.
This follows BEL's strategic partnership with Tata Electronics, announced on June 6. The two firms signed a memorandum of understanding (MoU) to jointly pursue opportunities in semiconductors and advanced electronics, including chip design, OSAT (Outsourced Semiconductor Assembly and Test), and fabrication. The move aligns with India's push for self-reliance in high-tech manufacturing.Earlier, on June 4, BEL had announced Rs 537 crore worth of new contracts for advanced communication systems, shipborne equipment, jammers, simulators, and other defence electronics.
That was followed by a major Rs 2,323 crore order from Mazagon Dock Shipbuilders and Garden Reach Shipbuilders for base and depot spares to support missile systems on Indian Navy vessels.
ADVERTISEMENT With these wins, BEL's total order inflow for June now stands at nearly Rs 3,500 crore, reinforcing its key role in India's defence and aerospace ecosystem.
ADVERTISEMENT According to Trendlyne, the average analyst target for BEL is Rs 405, suggesting a slight downside of about 1% from current levels. Of the 23 analysts tracking the stock, the consensus rating remains 'Buy'.On the technical front, the Relative Strength Index (RSI) is at 72.8—indicating overbought territory, which could signal a potential pullback. However, the stock continues to trade above its 20-day, 50-day, 100-day, and 200-day simple moving averages (SMAs), reflecting strong bullish momentum.
ADVERTISEMENT BEL shares have gained around 40% year-to-date and delivered an impressive return of 225% over the past two years. The company's current market capitalisation stands at approximately Rs 1.45 lakh crore.
Also Read: US strikes on Iran may rattle markets: Will Nifty, Sensex react to escalating geopolitical risk?
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