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Home / Business and Economy / Zero-Debt Defense Firm BEL Surges 38.5% YTD, Analysts Bullish

Zero-Debt Defense Firm BEL Surges 38.5% YTD, Analysts Bullish

Summary

  • BEL, a leading defense PSU, has climbed 38.5% YTD
  • Stock nears 52-week high, outperforming Sensex and Nifty
  • Analysts see further upside potential, set targets up to ₹490
Zero-Debt Defense Firm BEL Surges 38.5% YTD, Analysts Bullish

As of October 3rd, 2025, Bharat Electronics (BEL), a leading defense public sector undertaking (PSU), has emerged as a standout performer, defying the broader market volatility. The company's stock has climbed a remarkable 38.5% year-to-date (YTD) on the National Stock Exchange (NSE), outpacing the gains of the Sensex and Nifty.

BEL's strong performance is not limited to the short term. In the long run, the company has delivered exceptional returns, with its stock zooming by an astounding 1,170.84% in the past five years and an all-time gain of 184,922.73%. The stock is currently trading near its 52-week high of ₹436 per share, with a market capitalization of around ₹2.97 trillion, making it the second-largest defense company in the country after Hindustan Aeronautics Limited (HAL).

Analysts remain bullish on BEL's prospects, with brokerage firm Choice highlighting the stock's strong technical setup and the potential for further upside. The analysts believe that the stock is currently displaying a classic "Flag and Pole" pattern, indicating a shift in market sentiment from neutral to strongly positive. They have set a target price of ₹444 and ₹480 for the stock, suggesting significant upside potential.

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Motilal Oswal, another leading brokerage, has set the highest target price of ₹490 on BEL, citing the company's strong order book, which is expected to exceed ₹1 trillion. The analysts believe that BEL will benefit from orders for the next-generation corvettes, electronic warfare systems, and follow-on orders for electronics for the Tejas Mk1A fighter jets, among other opportunities.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.

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As of October 3rd, 2025, the BEL stock price stood at ₹407.05 per share on the NSE.
BEL's stock has delivered exceptional long-term returns, with a 5-year gain of 1,170.84% and an all-time gain of 184,922.73%.
Analysts remain bullish on BEL, with brokerage firms like Choice and Motilal Oswal setting target prices of ₹444-₹480 and ₹490, respectively, citing the company's strong order book and potential for further growth.

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