Stocks
Psu stocks to buy: On March 7, the stock market is seeing business within the range. After 2 days of excellent recovery, a flat business is being done on Friday. Selected shares are showing enthusiasm in the market lethargy. These shares also include the share of the government defense company Bharat Electronics Limited (BEL), which is in the focus due to the continuous order. The shares were trading at the level of Rs 276 with a gain of about 1.5% in the sluggish market on BSE. The market is projected further. Brokerage firms rely on PSU stock.
BEL Stock Price Today
BEL's share on BSE is trading with an increase, which started at the price of Rs 276.25 in the morning. In the business session, the stock made a high of Rs 279.65. However, the 52-whee high of the government stock is Rs 340.35, which touched on 10 July 2024. At the same time, the stock slipped up to Rs 179.20 on 15 March 2025. Let us know that the stock has given positive returns of 190% in the last 2 years. Its total market cap is 2.02 lakh crore rupees.
BEL gets a big order
Navratna government company Bharat Electronics Limited (BEL) informed about getting a big order. According to the exchange filing, the order size is worth Rs 577 crore. This includes electronic warfare products, radar upgrade and submarine communication systems.
Bel Total Order Size
Due to the new order, work is increasing near BEL. The total order for financial year 2025 has now been Rs 13724 crore. The order backlog has reached Rs 75000 crore, which has increased to 3.23 times the TTM revenue. Order Inflow Guidance for FY25 is estimated at Rs 25000 crore.
Brokerage on Bel Share
Brokerage firm JP Morgan maintains a bullish view on BEL. Under this, the rating of overweight on government defense stock has upheld. Also, an upside target of Rs 343 has been given. According to the brokerage firm, the stock is trading below 20% below Peak, which is a good chance of entry. Earlier, antique has also given an upset target of Rs 373 with a bullish rating.
(Disclaimer: Be sure to consult your financial advisor before investing in the stock market. The advice given by Brokerage here is his own, not the responsibility of Guditurn's.)
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English Summary
PSU stocks to buy jp morgan bully
PSU Stocks to buy jp morgan bully Shopping opportunity in stock, price less than ₹ 300
Story First Published: Friday, March 7, 2025, 15:29 [IST]
