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HomeSHARE MARKETBuy This ₹197 Government Defence Share For 2 - 3 Months; Know...

Buy This ₹197 Government Defence Share For 2 – 3 Months; Know The Target Till 2030

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Bharat Electronics Ltd (NSE: BEL): Defense PSU Stocks to BUY There is a lot of volatility in the market at the moment. Recently, there has been a healthy correction in many stocks, after which there is an opportunity to buy again. 

Particularly in recent years, there has been a large correction in the stock prices of government firms.

The brokerage firm has chosen government defense company Bharat Electronics for 3 months. This share closed at the level of Rs 197.50 (Bharat Electronics Share Price) this week.

Bharat Electronics Share Price Target

Brokerage firm has chosen Bharat Electronics as its gladiator pick. There is investment advice for 3 months. 

It is advisable to buy this stock in the range of Rs 188-193. A target of Rs 218 as well as Stop losing Rs 175 has been provided.

The share of Bharat Electronics is at the level of Rs 197. For this, the 52-week high is Rs 217 which is its all-time high. The 52-week low is Rs 90. The stock had made this record on March 7. 

During the correction period, it slipped to the level of Rs 180 on March 15. The price of this stock has been rising constantly for the past three trading sessions. 

Bharat Electronics Share Price History

Bharat Electronics shares had made a low of Rs 172 on February 13 this year. The low of 2023 is Rs 87 which it made on January 30. 

This week the stock rose by 4.5 percent. There was a decline of 8.5 percent in two weeks. 

One month’s return is flat. So far this year, it has given returns of about 7 percent, 13 percent in three months, 45 percent in six months, 112 percent in one year, and 182 percent in two years.

About Bharat Electronics Ltd Company 

BEL produces electronic products to support the Army, Air Force & Navy. In 1954, in the newly independent India, there was a need for absolute to create an indigenous industry.

The idea of an independent India led to the creation of various Public Sector Enterprises and has made significant strides.

Since its inception thanks to the visionary perspective of its founders the perseverance of its staff, and the trust and support of its customers, and BEL’s Government of India.

The Government’s call to “Make in India” resonates with the work BEL has been able to achieve for the past six decades.

BEL was founded to fulfill the highly specialized electronic equipment needs that the Indian Defence Services require.

While this is still to be the main goal, however, the Company is present in the civilian sector, as well. BEL exports are certain of its products and services to various nations as well.

Fundamental Analysis of Bharat Electronics Ltd 

Market Cap₹ 1,44,368 Cr.
Current Price₹ 198
52-wk High₹ 217 
52-wk Low₹ 89.9
Stock P/E40.4
Book Value₹ 20.3
Dividend0.91 %
ROCE29.9 %
ROE22.8 %
Face Value₹ 1.00
P/B Value9.74
OPM25.2 %
EPS₹ 4.88
Debt₹ 61.4 Cr.
Debt to Equity0.00

Bharat Electronics Ltd (BEL) Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹ 200₹ 221
2025₹ 224₹ 245
2026₹ 265₹ 300
2027₹ 305₹ 324
2028₹ 362₹ 400
2029₹ 405₹ 422
2030₹ 432₹ 460
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Bharat Electronics Ltd Shareholding Pattern

Promoters Holding
Dec 202251.14%
Mar 202351.14%
June 202351.14%
Sept 202351.14%
Dec 202351.14%
FII Holding
Dec 202217.34%
Mar 202316.42%
June 202317.35%
Sept 202317.19%
Dec 202317.77%
DII Holding
Dec 202225.04%
Mar 202325.50%
June 202324.84%
Sept 202324.19%
Dec 202323.37%
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Public Holding
Dec 20226.47%
Mar 20236.95%
June 20236.68%
Sept 20237.49%
Dec 20237.72%

Bharat Electronics Ltd Share: Last 5 Years’ Financial Condition

To better understand how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹ 12,164 Cr
2020₹ 12,968 Cr
2021₹ 14,109 Cr
2022₹ 15,368 Cr
2023₹ 18,183 Cr

Last 5 Years’ Net Profit:

2019₹ 1,887 Cr
2020₹ 1,825 Cr
2021₹ 2,400 Cr
2022₹ 2,400 Cr
2023₹ 3,571 Cr
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Last 5 Years’ Debt-To-Equity Ratio:

20190
20200
20210
20220
20230

Last 10 Years’ Profit Growth:

10 Years:13%
5 Years:16%
3 Years:18%
Current Year:29%

Last 10 years’ Return on Equity (ROE):

10 Years:19%
5 Years:21%
3 Years:21%
Last Year:23%

Sales Growth Over 10 Years:

10 Years:11%
5 Years:11%
3 Years:11%
Current Year:3%

Conclusion

This article is a complete guide about Bharat Electronics Ltd Share. This information and forecasts are based on our research, company fundamentals, history, experiences, and technical analyses. 

Also, We have discussed the share’s prospects and growth potential in detail.

This information will help you in your further investment. 

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If you have any further queries, please comment below. We will be happy to answer all your questions. 

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