Overview

• BEL’s share price rose over 2% on June 23 after the company replaced Nestle India and IndusInd Bank on the BSE Sensex.
• It secured additional defence orders worth Rs585 crore for fire-control systems, jammers, communication gear and missile spares.
• The PSU’s order book now surpasses Rs70,000 crore for fiscal 2025-26, underpinned by earlier Rs2,323 crore naval spares contracts.
• Sensex inclusion boosted BEL’s market capitalization to Rs3.03 trillion and triggered estimated passive inflows of $378 million.
• Analysts at Nuvama maintain a buy rating with a Rs385 target, suggesting about 31% upside from current levels.