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The company said that majority of the orders comprise of communication equipment, electro optics, upgrades for satcom network, radar & fire control system, spares, services etc.
With these orders, Bharat Electronics (BEL) has now won orders worth ₹10,362 crore in the current financial year so far.
BEL remains the top pick in the defense electronics space for Amit Anwani of Prabhudas Lilladher. The research analyst is optimistic about BEL and has set a price target of ₹341 per share.
In an interaction with CNBC-TV18, Anwani highlighted that the company expects an order intake of over ₹30,000 crore in the coming years. “In my coverage universe, I remain positive on BEL. We have a target price of about ₹341, and over the next four to five years, there is still room for upside. The company has indicated that it can sustainably achieve an annual order intake of ₹25,000-30,000 crore over the next three to four years,” he said.
Anwani also noted the robustness of BEL’s order book over the past three years. “The defense sector has historically been highly cyclical, with long-duration order books. However, the order book buildup has been strong over the past three years, driving a significant rally in stock prices,” he added.
Among the 26 analysts that have coverage on the Nifty PSU stock, 21 of them have a ‘Buy’ rating on BEL, while two have a ‘Hold’ rating and three have ‘Sell’ rating on the stock.
Shares of BEL settled 4.37% lower on Monday at₹259.15. The stock is up 1% so far in 2025.
First Published: Jan 13, 2025 4:30 PM IST
