BEL Shares Soar: Analysts Predict Up to ₹565 Target After Strong Q3 Results
Market
C
CNBC TV18•29-01-2026, 08:07
BEL Shares Soar: Analysts Predict Up to ₹565 Target After Strong Q3 Results
- •Bharat Electronics Ltd. (BEL) shares are in focus after Q3 performance exceeded analyst expectations.
- •Brokerage firms CLSA, Jefferies, and JPMorgan have all raised their price targets for BEL, with Jefferies setting the highest at ₹565.
- •BEL reported a 21% year-on-year Q3 profit increase and EBITDA margins of 30%, surpassing guidance.
- •Order inflows significantly picked up, with the QR-SAM project and Indian S-400 programme expected to boost future orders.
- •Management reaffirmed FY26 guidance of at least 15% revenue growth and ₹27,000 crore base order inflows, with high confidence in the ₹30,000 crore QR-SAM order.
Why It Matters: Strong Q3 results and robust order book visibility lead analysts to predict significant upside for BEL shares.
✦
More like this
Loading more articles...
