Page 29 - Bharat Electronics News Today

Brokerage firm InCred maintains a cautiously optimistic outlook on the aerospace and defence sector. It has assigned an ‘add’ rating to specific companies within the sector, including Bharat Electronics (BEL), HAL (Hindustan Aeronautics), Data Patterns, and BDL (Bharat Dynamics).

A total of 503,652 shares changed hands on the counter till 11:47AM (IST).

The index, heaving 30 constituents, measures what kind of expectations are being factored in by the stock markets in the run up to the Union Budget, which is scheduled to be presented on February 1.

Foreign portfolio investors pumped in more than Rs 43,300 crore into the capital goods sector in 2023, and this was nearly six times higher than that in 2022, data by NSDL showed.

The stock quoted a 52-week high of Rs 187.55 and a 52-week low of Rs 87.0.

Difficulties of cost, scale and technology, as faced by China and Soviet-era Russia, mean that government investment in chip-making may not be as effective.

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.

Promoters held 51.14 per cent stake in the company as of 30-Sep-2023, while FII and DII ownership stood at 17.18 per cent and 18.85 per cent, respectively.

BEL will recruit candidates for Apprentice posts. Eligible candidates can apply at bel-india.in. 

Incred Equities remains most bullish on Globus Spirits where it sees an upside of whopping 188%. Its recommendation is an add for a price target of Rs 2,519.