india

BEL | Will it solidify its position further? Is it a right time to invest in defence space?

Bharat Electronics Ltd. (BEL), a leading defence electronics company in India, continues to solidify its position with a strong order book, efficient execution, and improving margins. Recently included in the Nifty 50 index, BEL's stock has corrected from its peak of Rs 340 in July 2024 to Rs 279, offering reasonable valuation at 29x FY27 estimated earnings. With a focus on defence contracts, R&D investments, and margin expansion, BEL is poised for sustained growth.

first published: Feb 12, 2025 08:00 am

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