Bharat Electronics Share Price Target 2024: Shares of state-owned defense company, Bharat Electronics (BEL), have offered a whopping 67.28 per cent year-to-date return to investors.
Bharat Electronics Share Price TargetDuring an exclusive conversation with ET Now Swadesh, Rahul Shah of Motilal Oswal Financial Services has called the stock his top pick ahead of the budget.
Sanjiv Bhasin on Bharat Electronics ' stockEarlier, veteran share market expert and the Director of IIFL Securities had also recommended buying Bharat Electronics stocks with a price target of Rs 350.
"So, Bharat Electronics is the best stock to buy, and that is my jewel in the crown for 2024," said Bhasin.
Bharat Electronics Share Price HistoryBharat Electronics’ stock is a constituent of the S&P BSE 100 index.
Authored by : Kumar Gaurav Updated Jun 17, 2024 | 04:34 PM IST Photo : ET Now Digital BEL is a Navratna PSU under the Ministry of Defence, Government of India.
Bharat Electronics Share Price Target 2024: Shares of state-owned defense company, Bharat Electronics (BEL), have offered a whopping 67.28 per cent year-to-date return to investors. BEL is a Navratna PSU under the Ministry of Defence, Government of India. It manufactures state-of-the-art electronic products and systems for the Army, Navy, and Air Force.
Bharat Electronics Share Price Target
During an exclusive conversation with ET Now Swadesh, Rahul Shah of Motilal Oswal Financial Services has called the stock his top pick ahead of the budget. At the CMP of Rs 307, Shah recommended investors buy the PSU defense stock with a price target of Rs 350 for the duration of one month.
Sanjiv Bhasin on Bharat Electronics ' stock
Earlier, veteran share market expert and the Director of IIFL Securities had also recommended buying Bharat Electronics stocks with a price target of Rs 350. Bhasin remained bullish on the defence stock and said, "Of all the PSUs, the one that is going to be an outperformer is Bharat Electronics." Bhasin had said that Bharat Electronics, for me, would have a Rs 350 stock by year-end. "So, Bharat Electronics is the best stock to buy, and that is my jewel in the crown for 2024," said Bhasin. The stock was last seen trading at Rs 309.55 on the BSE, which is 13 per cent lower than Rs 350, the target given by the market expert.
Bharat Electronics Share Price History
Bharat Electronics’ stock is a constituent of the S&P BSE 100 index. According to BSE analytics, the company’s stock has gained 34.06 per cent in the last month. Bharat Electronics’ shares have traded northward by 58.09 per cent in three months. In six months, the company’s shares have gained by 88.87 per cent.
Shares of Bharat Electronics have emerged as a multibagger in the last year with a surge of a whopping 155.19 per cent during the said period, as reflected in the BSE data.
The defense company’s stock has a 52-week range of Rs 323-117.95 on BSE. Bharat Electronics has a market cap of Rs 1,10,874.36 crore, as of June 17, as per the BSE website.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
