With zero debt and comfortable working capital position, Bharat Electronics is well-placed to benefit from the defence opportunity, Jefferies said. Global OEM tie-ups not giving a material benefit is seen as a key risk for the HAL stock.
Bharat Electronics’s daily trend is bullish to sideways. The RSI for monthly, weekly and daily are showing bullish momentum. Based on option chain analysis, the range is between 160 and 190. Let’s plan a trade around this.
The brokerage believes BEL may continue receiving orders from various platforms across services. Coupled withrobust execution, they believe the company is likely to achieve our higher-than-consensus EPS of INR 5.8/INR 6.8 forFY25/26E, respectively. The brokerage maintains BUY on BEL with an unchanged TP of INR 203 based on 30x FY26E EPS.