The brokerage has a price target of ₹470 per share, implying a potential upside of nearly 7% from current levels.
The positive stance comes as the company continues to see strong order inflows.
| Parameter | Details |
|---|---|
| Brokerage | Goldman Sachs |
| Rating | Buy |
| Price Target | ₹470 |
| Upside Potential | 7% |
BEL has secured additional orders worth ₹1,010 crore for a range of defence and technology systems, including communication equipment, radar warning receivers, fire control systems, electro-optic sights, fire detection and warning systems for fighter aircraft, high energy lasers, automatic train supervision systems, head-up displays, and software solutions.
With this, the company’s total order inflow for FY26 so far stands at ₹21,620 crore.
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The brokerage said that this figure excludes several large expected orders, including the first tranche of the NGC order worth ₹3,000-4,000 crore, the Shatrughat project worth ₹3,000 crore, and LRU orders for light combat aircraft worth ₹2,400 crore, which are likely to be finalised in the fourth quarter of FY26.
Taking these into account, Goldman Sachs expects the company to meet its management guidance of ₹27,000 crore in order inflows for FY26.
Among 32 analysts tracking the stock, 27 maintain a ‘Buy’ rating, while two recommend ‘Hold’ and three have a ‘Sell’ rating.
Shares of Bharat Electronics Ltd. closed 2.67% higher at ₹440.95 on Tuesday. The stock has rallied nearly 55% over the past 12 months.
