BEL share price jumps 4% to hit a 52-week high; should you buy?

BEL share price jumped over 4 per cent in morning trade on the BSE on Wednesday, May 21, to hit its 52-week high. BEL share price opened at ₹367.40 against its previous close of ₹363.70 and jumped more than 4 per cent to its 52-week high level of ₹379.90. Around 10:20 AM, the defence stock traded 4.07 per cent higher at ₹378.50.

On a monthly scale, BEL share price has been on a winning streak for three consecutive months. It has gained 20 per cent in May so far, after a 4 per cent gain in April and a 22 per cent gain in March. Year-to-date, the stock has gained 29 per cent.

BEL share price hit a 52-week low of ₹230 on June 5 last year.

BEL Q4 results: Profit, revenue rise

Bharat Electronics (BEL) on Monday, May 19, reported an 18 per cent year-on-year (YoY) rise in its Q4FY25 net profits to ₹2,105 crore, compared to ₹1,784 crore in the same quarter a year ago.

Revenue from core operations rose nearly 7 per cent to ₹9,119.7 crore against ₹8,528,5 crore in the same period in the previous financial year.

BEL board of directors also recommended a final dividend of ₹0.90 per equity share of the face value of ₹1 apiece.

Should you buy?

Brokerage firms expressed mixed views about the stock after the Q4 results.

JM Financial maintained a buy call on the stock with a target price of ₹405.

JM Financial said strengthening vendor, supplier base along with internal process improvement will help the company to execute projects faster.

"BEL continues to explore new growth opportunities through diversification, capability enhancement, competitiveness, modernisation and export initiatives," said JM Financial.

On the other hand, Kotak Institutional equities has retained a sell call on the stock with a fair value of ₹300.

"BEL’s FY26 guidance of (1) 15 per cent+ revenue growth, (2) 27 per cent+ EBITDA margins (200 bps margin expansion) and (3) ₹270 billion core order (ex-QRSAM) inflow implies that the earnings momentum will remain robust in 2026. Progress on the QRSAM order and any additional orders from emergency procurement (guidance implies ₹70 bn+) remains the key monitorable," said Kotak.

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Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions, as market conditions can change rapidly, and circumstances may vary.