{
  "id": 18084715,
  "title": "BEL shares climb 3% as brokerages back post-results recovery",
  "url": "https://urgent.news/2026/11/04/bel-shares-climb-3-as-brokerages-back-post-results-recovery",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-04T07:19:02.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/stock-markets/bel-shares-climb-3-as-brokerages-back-post-results-recovery/article71664488.ece"
  },
  "original_language": "en",
  "account": "Shares of Bharat Electronics Limited (BEL) rose 3.13% to ₹392 on the NSE midday on Wednesday, following strong first-half results. Five brokerages maintained buy or add calls for the defence PSU, with the stock rebounding from a 52-week low of ₹354.55 in October. BEL's H1 FY27 revenue grew 25.97% to ₹12,824 crore, while profit after tax increased 14.81% to ₹2,589 crore. The company's order book stood at ₹68,717 crore as of October 1, 2026. Nomura's bullish target of ₹530 points to large order wins and meeting FY27's ₹55,000 crore order intake target. Citi and UBS have buy targets of ₹515 and ₹500, respectively, citing potential QRSAM and Next Generation Corvette order opportunities. Jefferies targets ₹490, expecting QRSAM awards and growth from missiles and drones. Kotak's more conservative add rating has a target of ₹420. The stock trades at a P/E of 43.41x, with upside projections ranging from 7% to 35% from the current price. The sell side remains dominant at 63%, indicating caution in the near term.",
  "summary": "The stock had hit a 52-week low of ₹354.55 on October 23 but has since rebounded sharply, gaining 7.8 per cent over the past week, outpacing the Nifty 50’s 4.69 per cent return in the same period.",
  "key_points": [
    "BEL shares rise 3.13% to ₹392 midday on Wednesday",
    "H1 FY27 revenue grew 25.97% to ₹12,824 crore",
    "Five brokerages maintain buy or add calls for defense PSU"
  ],
  "editors_take": "Strong first-half earnings and a massive order book are shifting investor sentiment toward the defense PSU as brokerages anticipate significant growth from upcoming missile and drone contracts.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}