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₹334 Multibagger Defence King PSU Stock Will Touch A New High In A Few Days

Defence PSU Stock to Buy: Indian stock markets had a mixed start on Monday (July 8). IT, pharma, FMCG, and defense stocks saw gains. 

Amid market volatility, brokerage firm has made defense sector giant Bharat Electronics Ltd (NSE: BEL) a technical pick.

The brokerage has advised buying BEL for 2-3 days. On Monday, the stock showed a rise in early trade and reached a new 52-week high.

Domestic stock markets had a mixed start on Monday (July 8). The Sensex was down more than 100 points. 

At the same time, the Nifty was trading in the range of 24,300. Bank Nifty was also weak due to a decline in banking stocks. 

But the Nifty Smallcap index crossed 19,000 for the first time today. The Sensex opened 81 points lower at 79,915. The Nifty opened 6 points higher at 24,329. Bank Nifty opened 127 points down at 52,533.

BEL: Good Profit In 2-3 Days

Brokerage firm has made Bharat Electronics Ltd a technical pick. The stock target for 2-3 days is Rs 340. On July 5, 2024, the stock closed at Rs 324. In this way, the stock can jump 3-4 percent from the current price.

BEL: Stock Jumped 8% In 1 Week

Trading started with a boom in Bharat Electronics Ltd on Monday amid volatility in the domestic market. As soon as the market opened, the stock jumped by more than 1.5 percent. 

The stock reached a new 52-week high. Within a week, this stock has shown a rise of around 8 percent. In the last year, the return on the stock has been around 165 percent.

In the last 6 months, the return of the stock has been 80 percent and so far this year it has been 78 percent. The stock has shown a gain of about 17 percent in 1 month. 

The stock’s 52-week high on BSE is 333.65 and the low is 122.50. The company’s market cap is more than Rs 2.40 lakh crore.

Bharat Electronics Ltd Stock Performance

Current Price₹ 335
52-wk High₹ 336
52-wk Low₹ 122
5 Days Return9.46%
1 Month Return18.38%

Key Fundamentals Parameters

Market Cap₹ 2,44,623 Cr.
Stock P/E61.4
Book Value₹ 22.3
Dividend0.54 %
ROCE34.8 %
ROE26.4 %
Face Value₹ 1.00
P/B Value15.0
OPM24.9 %
EPS₹ 5.45
Debt₹ 62.5 Cr.
Debt to Equity0.00

Bharat Electronics Ltd Shareholding Pattern

Promoters Holding
Mar 202351.14%
June 202351.14%
Sept 202351.14%
Dec 202351.14%
Mar 202451.14%
FII Holding
Mar 202316.42%
Jun 202317.35%
Sep 202317.19%
Dec 202317.77%
Mar 202417.56%
DII Holding
Mar 202325.50%
Jun 202324.84%
Sep 202324.19%
Dec 202323.37%
Mar 202422.63%
Hot Stocks Alert Join
Public Holding
Mar 20236.95%
Jun 20236.68%
Sep 20237.49%
Dec 20237.72%
Mar 20248.66%

Bharat Electronics Ltd Share: Last 5 Years’ Financial Condition

Last 5 Years’ Sales:

2020₹ 12,968 Cr
2021₹ 14,109 Cr
2022₹ 15,368 Cr
2023₹ 17,734 Cr
2024₹ 20,268 Cr

Last 5 Years’ Net Profit:

2020₹ 1,825 Cr
2021₹ 2,100 Cr
2022₹ 2,400 Cr
2023₹ 2,986 Cr
2024₹ 3,985 Cr

Conclusion

This article provides a detail guide about Bharat Electronics Ltd share.

The information and forecasts provided result from the analysis of our research team, the company’s basics and history, experience and various technical analyses. 

Also, we’ve talked in depth about the shares’ prospects and growth possibilities.

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If you have additional questions, feel free to leave a comment below. We’ll be more than happy to address all of your questions.

Disclaimer: The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. 

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