BEL Shares Soar 5.8% Post Rs. 2,210 Cr Order! 150% Dividend, 1000% 5Y Returns; Brokerage Calls It a 'BUY'

Defence PSU Stock: Bharat Electronics share price today jumped 5.8% at the beginning of trading today. This sharp recovery in BEL share price comes after a tough few sessions in the stock market, where the stock had seen a sharp fall. The stock trading turned green as the company reported fresh news of a ₹2,210 crore order win from the Ministry of Defence on Monday.

BEL Share Price Today

BEL shares today opened at Rs 281.45, with a solid 5.8% jump from the April 7 close of Rs 271.10. This PSU Navratna defence stock crashed nearly 5.67% yesterday, as part of the broader stock market selloff. By noon, BEL shares were at Rs. 278.45, gaining 2.33%. The overall gain in the last 30 days of trading was 2.25% for this defence stock. BEL has extended gains of 24% in the last year and 1090% in the five years.

BEL Order Inflows FY25

On April 7, Bharat Electronics Limited (BEL) informed the stock exchanges that it has received a major defence order worth ₹2,210 crore (excluding taxes) from the Ministry of Defence.

The exchange filing read. "Navratna Defence Public Sector Undertaking Bharat Electronics Limited (BEL) has signed a contract with the Ministry of Defence valued at Rs.2,210 crores (excluding taxes) for the supply of EW Suite for Mi 17 V5 helicopters of the Indian Air Force. These systems are indigenously designed and developed by CASDIC, DRDO, and manufactured by BEL. The EW Suite comprises Radar Warning Receiver (RWR), Missile Approach Warning System (MAWS) and Counter Measure Dispensing System (CMDS), which significantly enhance the combat survivability of the helicopters along with effective countermeasures."

According to the Antique Stock Broking limited report, "BHE reported an order inflow of INR 185 bn for YTDFY25 supported by key orders won in 4QFY25, which includes Ashwini Radars (INR 24.6 bn), Software Defined Radios (INR 12.9 bn) & Data Communication Terminals (INR 10.3 bn) for the Indian Coast Guard; Electro Optic Fire Control System (INR 6.1 bn) for the Indian Navy. It expects an order inflow of INR 250bn for FY25 (without QRSAM). Incrementally, the order pipeline for FY26 looks promising with large-ticket orders like QRSAM (INR 250-300 bn) and next-generation corvette/MRSAM (INR 150 bn) expected to be finalised in FY26 along with regular base orders worth INR 150 bn, thus alleviating weak order inflow concerns."

Bharat Electronics (BEL) Share Price Target

Motilal Oswal has issued a 'Buy' rating on Bharat Electronics Ltd (BEL) with a target price of Rs. 360, indicating a potential upside of 23% from the current market price of Rs. 277. The broking expects revenue growth of 4% YoY, considering the high base from the previous year. Growth will be driven by the execution of BEL's robust order book worth ₹71,700 crore.

According to the report, "Key monitorables include progress in critical defence programmes like QRSAM (Quick Reaction Surface-to-Air Missile), MRSAM (Medium Range SAM), and LRSAM (Long Range SAM) systems, along with electronic warfare (EW) projects. While BEL had reported margin expansion in the last two quarters, Motilal Oswal expects a normalisation in EBITDA margins, projecting a decline of 340 basis points YoY to 23.3% for the upcoming fiscal."

However, Kotak Institutional Equities has maintained a 'SELL' rating on Bharat Electronics Ltd (BEL), assigning a fair value of Rs. 260, which is lower than the current market price of ₹292. The broking firm expressed a cautious view on the capital goods sector. As a result, Kotak has trimmed its earnings estimates by 2.9% for FY2026 and 1.5% for FY2027, reiterating a 'SELL' recommendation.

Disclaimer: The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.