Bharat Electronics500049Defense electronics
Kotak Institutional Equities upgraded BEL to 'add' with a target price of 410 per share
- Target price
- 410 rupees per share
- Recent correction
- 8 percent
- EPS estimate cut FY28-29
- 4 percent
Heard on business television between 08:55:12 - 08:58:12 IST.
- Kotak Institutional Equities upgraded Bharat Electronics (BEL) to 'add' after an 8% correction in the stock over the last three months.
- Set a target price of 410 per share, saying the stock now offers more balanced risk-reward.
- Cited a strong pipeline of large defence programs including QRSAM, AMCA and naval programs.
- Lowered EPS estimates for FY28-29 by 4%.
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Source: Live TV News Channel · 6 Oct 2026
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