Now Reading: BEL shares fall 4% after Q1 results, brokerages retain bullish view
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BEL shares fall 4% after Q1 results, brokerages retain bullish view
BEL shares fall 4% after Q1 results, brokerages retain bullish view
Bharat Electronics (BEL) shares fell 4.46 per cent to Rs 389 on Tuesday after the company reported a 25.2 per cent rise in revenue to Rs 5,533.06 crore in Q1FY27. Net profit…
The Story in Brief
Bharat Electronics (BEL) shares fell 4.46 per cent to Rs 389 on Tuesday after the company reported a 25.2 per cent rise in revenue to Rs 5,533.06 crore in Q1FY27. Net profit rose 8 per cent to Rs 1,048.33 crore. Most brokerages retained a bullish view despite weak order inflows in the quarter. CLSA maintained 'outperform' with a target of Rs 522, while Jefferies and Goldman Sachs lowered targets but kept buy ratings. JP Morgan called BEL its top defence pick, and Nomura was neutral.
The Indian Opinion
The 4% drop in BEL shares despite a 25% revenue jump shows the market penalises any sign of weakness, especially in order inflows. Yet brokerages have not turned bearish, suggesting the sell-off may be overdone. The real test will be the next quarter's order book, where the government's Rs 550 billion guidance must show progress. Until then, patience might be wiser than panic.
Source: thehindubusinessline.com
This story was synthesised by AI from the source linked above.
