BEL Defence Electronics: Bharat Electronics Ltd. (BEL), a prominent state-owned defense equipment manufacturer, has seen its shares rise by more than 60% over the past 12 months, making it a top choice in the defense electronics sector. Defense analyst Amit Anwani from Prabhudas Lilladher has expressed confidence in BEL’s future, setting a price target of ₹341 per share. This indicates a potential gain of nearly 16% from its current trading level of ₹294.30.
Mazagon Dock Shares Rise Over 2% After Delivering Two Warships to Indian Navy
In an interview with CNBC-TV18, Anwani shared his insights on BEL’s promising prospects. He noted, “In my coverage universe, I remain positive on BEL. We have a target price of about ₹341, and over the next four to five years, there is still room for upside.
The company has indicated that it can sustainably achieve an annual order intake of ₹25,000–30,000 crore over the next three to four years.” BEL has already secured orders worth ₹9,801 crore in 2025, achieving 40% of its annual order inflow target.
Anwani also highlighted the company’s consistent growth in securing orders over the past three years, which has contributed to its strong stock performance. According to CNBCTV18, He explained, “The defense sector has historically been highly cyclical, with long-duration order books. However, the order book buildup has been strong over the past three years, driving a significant rally in stock prices.” Anwani added that ongoing reforms in the defense sector have created a positive environment for growth, particularly in defense electronics, where BEL remains his top pick.
Beyond BEL, Anwani mentioned other potential opportunities in the defense sector. He pointed out that Zen Technologies could benefit from advancements in simulation and training, while companies like Astra Microwave Products may gain from developments in hypersonic technologies.
However, Anwani cautioned that valuations across the sector are high, requiring investors to make selective decisions.
BEL currently has the backing of most analysts covering the stock. Out of 26 analysts, 21 have given a ‘Buy’ rating, two recommend holding the stock, and three suggest selling. BEL’s consistent performance, strong order book, and the government’s focus on defense sector reforms make it a standout choice in the market.
