Shares of BEL sharply recovered from early lows in a weak market to trade with mild losses after the second quarter earnings.
BEL said the collaboration aligns with India's 'Atmanirbhar' and 'Make-in-India' initiatives, and enhances company's portfolio apart from promoting self-reliance in the space industry.
At 1325 hours on Friday, HAL's scrip was trading 2% higher at Rs 3,086 while BEL's scrip on BSE was also trading 2% higher at Rs 189.85
With robust growth and a focus on defence spending, most analysts continue to remain optimistic on this evergreen stock.
With margins expected to improve, better revenue visibility, and good growth in execution, BEL earnings should grow faster in coming quarters
Valuation of BEL offers more room for stock appreciation
The MoU between the Navratna PSU BEL and the SFC Energy-AG, Germany, and FC TecNrgy Pvt Ltd (FCTec), signed recently, will ensure cooperation in addressing the emerging requirement of sustainable energy to the security forces through supply of hydrogen and fuel cells, a press release said.
BEL has declared 140 percent as interim dividend (Rs 1.40 per share) to its shareholders for the financial year, the ministry said in its statement.
BEL has signed a contract with the Ministry of Defence on Friday for procurement of seven squadrons of Akash Missile System for the Indian Air Force, the company said in a statement.
Mitessh Thakkar of miteshthacker.com is of the view that one can buy Mphasis and sell Bharat Electronics.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Apollo Tyres, Dewan Housing Finance Corporation and Shree Cements and can sell Tata Motors and Glenmark Pharma.
According to Mitessh Thakkar of miteshthacker.com, one can buy Pidilite Industries and Bharat Electronics Limited.
Sandeep Wagle of powermywealth.com suggests buying Bharat Electronics and advises selling Punjab National Bank.
According to Mitessh Thakkar of mitesshthakkar.com, one can buy BEL, Hexaware Technologies and CONCOR and sell Asian Paints, MRPL and Piramal Enterprises.
Citi has retained a buy on BEL with a target price of Rs 213 and expects the company to deliver 13 percent EPS CAGR over FY17-20E with RoE increasing from 18.2 percent in FY17 to 20.6 percent in FY20E driven by steady ordering and execution momentum.
Mitessh Thakkar of miteshthacker.com suggests buying V-guard Industries and Bharat Electronics Limited.
The announcement of the deal came ahead of a possible visit of Prime Minister Narendra Modi to Israel in July.
Ashwani Gujral of ashwanigujral.com suggests buying Bharat Electronics, Century Textiles and State Bank of India.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell Bharat Electronics and buy IndusInd Bank and Indraprastha Gas.
Prakash Gaba of prakashgaba.com is of the view that NIFTY has support at 8860 and resistance at 9000-9119.
The Federation of Indian Chambers of Commerce and Industry today organized an innovation roundtable under the DRDO-FICCI Accelerated Technology ...
The Federation of Indian Chambers of Commerce and Industry today organized an innovation roundtable under the DRDO-FICCI Accelerated Technology ...
The VVPAT is a paper slip which will come out of the Electronic Voting Machine (EVM) once a voter casts his vote, showing which symbol and candidate the vote has been cast for.
State-run Bharat Electronics Limited (BEL) and French major Thales have agreed to form a joint venture company in India to design, develop, market and supply civilian and defence radars in local and global markets.