BEL Share Price Target: BEL Share Price surged 3.62% and currently trading at Rs 257.05 with a gain of 1.44%. With the shares of BEL showing positive momentum, analysts said that the technical chart indicates potential further upside. As the buying interest in this stock is increasing, market experts suggested that BEL Share is likely to breakout at some key levels. Traders and investors must closely monitor this stock price movement as its moving towards its resistance level. Check details.
BEL Share Price
On Thursday, BEL shares are trading at Rs 257.05 at the time of writing this article. In the last 5 trading sessions, the stock is down by 0.66% and nearly 10% in the last one month. The stock has delivered negative returns of 15.21% in the last 6 months however it has given 34.83% positive returns in the last one year. BEL has a 52-week high of Rs 340.50 and 52-week low of Rs 179.10 respectively.
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BEL Share Price Target
Amit Bhuptani, Technical Analyst at Nirmal Bang has set a target price of Rs 280 for BEL shares. He also said that BEL shares are looking strong in the technical chart. If the shares crosses its next resistance at Rs 260, a further upside rally is expected towards Rs 280. According to the expert, risk and reward is favourable in BEL shares so investors are advised to keep a strict stop loss at Rs 245 while setting up their trade.
BEL Q3 Results
Bharat Electronics Ltd (BEL) a Navratna Defense PSU reported a 47.3% growth in its profit after tax (PAT) for the third quarter ended December 2024 to Rs 1,316.06 crore from Rs 893.30 crore .
In the December quarter, the company’s consolidated revenue from operations grew by 38.6% to Rs 5,770.69 crore compared to Rs 4,162.16 crore in the last corresponding year.
BEL also reported a 36.97% growth of turnover to Rs 5,643.25 crore compared to Rs 4,120.10 crore. The profit before tax (PBT) for the quarter stands at Rs 1,754.15 crore, which represents a remarkable 49.64% increase over the previous quarter’s Rs 1,172.26 crore.
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