Overview

• BEL has secured fresh orders worth ₹528 crore since June 20 covering radars, communication equipment, EVMs, jammers, shelters, control centres, spares and related services.
• The new award boosts BEL’s total order backlog beyond ₹70,000 crore, reflecting sustained demand for missile systems, naval spares and support equipment.
• BEL shares closed at ₹421.70, up 1.7% in the latest session and up 43.9% over the past six months, nearing their all-time high.
• Out of 28 analysts tracking the stock, 24 recommend a buy, one a hold and two a sell, with the average 12-month price target implying a 3.2% downside.
• Technical indicators signal that BEL is trading in overbought territory, suggesting caution despite strong fundamentals and growth prospects.