Bharat Electronics Ltd (NSE: BEL): The volatility is still present in the stock market, and at this point, traders or investors buy or sell stocks.
Expert in the field of market veteran as well as Geojit Financial Services’ Gaurang Shah has shared his strategies for investing in PSU shares, and BEL (Bharat Electronics Limited) shares.
Gaurang Shah, the expert, has also revealed the price he would like to see for BEL shares.
BEL Share Target
Market expert Gaurang Shah has shared his investment strategy for BEL shares.
He stated that for a long period, they have issued a positive buy opinion to Bharat Electronics Limited (BEL) and they have maintained the price target at Rs 325.
The analyst further stated that the target is a standard one since BEL is a government-owned company and has an extensive order book for the defense industry.
Additionally, they are armed with technical knowledge and expertise. They professionally manage the order books, and have a great speed of execution.
Gaurang Shah stated that, in the next few months orders will come from the defense industry In addition the orders could also come from other industries.
Experts say it’s advised to hold onto BEL stocks for now and the price of target for this is currently at Rs 325.
Gaurang Shah added that if BEL’s performance is satisfactory and the number of orders keeps growing, then the price target could move upwards.
Market Update
Concerning the current state of BEL stock. It is currently trading around Rs 282 and has gains of over 0.75 percent. As of now, the stock is trading in the red zone at around Rs 281.
Stock Performance
The most expensive price for this stock over the past 52 weeks was Rs 340.50 and the lowest has been Rs 171.75.
The market capitalization of BEL is Rs 2,05,514.43 crore. In the last few months, BEL’s share has dropped by over 10 percent.
In the past 6 months, the stock has experienced a decline of over 16 percent. In the past year, the stock has delivered a profit of greater than 51 percent for investors.
This stock has provided an average return of 180 percent over the past 2 years.
Quick Fact
| Company name | Bharat Electronics |
|---|---|
| Expert’s suggestion | Positive buy opinion |
| Possible target price | ₹325 |
| Order book type | Defense |
| Order growth source | Defense and other industries |
| Key features | Technical expertise |
| Order management | Professional handling |
| Speed | High execution speed |
| Current state advice | Hold |
| Past 6 months | 16% decline |
| Past year | 51% profit for investors |
| Past 2 years | 180% return |
| Market capitalization | ₹2,05,514.43 crore |
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