Ever since its inclusion in the headline Sensex index (effective close of May 22, 2025), the defence Navratna PSU stock- Bharat Electronics has rallied over 9 per cent. In fact, considering the day’s high price of Rs 420.4, the stock is only 1.5 per cent away from its all-time high of Rs 426.65 clocked on June 24.
As of writing the copy at around 2:20 pm, the stock was up 0.98 per cent or Rs 4.05 at Rs 419 per share on the BSE.
Consisten order inflows
On June 20, the company via an exchange filing announced the receipt of a new order worth as much as Rs 585 crore since the last disclosure on 5th June 2025. Major orders received include fire control and sighting system for missiles, communication equipment,jammers, spares, services etc, added the filing.
Outlook for Bharat Electronics
Anand Rathi in its report on the stock post the company’s Q4 earnings maintained its buy call with the 12-month target price pegged at Rs 450 per share. From the previous day’s close, the set target still implies an upside potential of over 7 per cent.
Rajesh Sinha, Sr. Research Analyst at Bonanza is of the view that the outlook for the scrip is very strong on the back of strong order book and consistent new order inflows, reflecting its role in India’s defence electronics sector. As on Q4FY25, its order book stood at Rs.71,650Cr (3.0x FY25 revenue) giving strong execution and revenue visibility going ahead. Recently, BEL has bagged many significant orders compelling the strong outlook for FY26. BEL’s strategic alignment with Government of India’s “Atmanirbhar Bharat” initiative and defence modernization programs has been instrumental in securing these orders.
BEL secured defence orders worth Rs.537 crore for products such as advanced shipborne composite communication systems, jammers, simulators, test rigs, software upgrades and spares, strengthening its diversified defence portfolio across land, sea, and air domains. It has also secured additional orders of Rs.577 crore including airborne electronic warfare products, doppler weather radar, train communication systems and radar upgrades. BEL has also tied-up with Tata Electronics to jointly develop indigenous electronics and semiconductor solutions marks a significant step towards self-reliance in defence electronics and semiconductors, aligning with national priorities for technological sovereignty.
We are optimistic about the order pipeline of BEL with expectations of continued inflows from projects related to LCA, LRSAM spares, radars and other defence systems, ensuring sustained growth in the coming fiscal years, he added.
The consensus recommendation for BEL is a ‘buy’ from 23 analysts, as per the Trendlyne data.
