Bharat Electronics shares gain 3% as Motilal raises target price after Q2; Elara Capital upgrades to Buy
Bharat Electronics shares gained after Motilal Oswal raised its price target and Elara Capital upgraded its rating to Buy. Brokerages cited strong order visibility, healthy revenue growth and margin prospects, while delays in major defence orders remain a key risk.
Bharat Electronics shares surged 3% to Rs 392 on the BSE on Wednesday, following Motilal Oswal raising the target price and Elara Capital upgrading the stock rating. The upgrades were prompted by the company's Q2 results, with analysts highlighting robust growth and margin expansion. Bharat Electronics maintained its FY27 guidance, targeting 15% revenue growth and an EBITDA margin of 28%.
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