Kotak upgrades Bharat Electronics and cuts target to INR 410 for Bharat Electronics stock

Published on 10/27/2026 at 09:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Kotak raised its rating and cut its target from INR 420 to INR 410 on October 6, 2026. Bharat Electronics stock has results due October 30.

Analyst view and results date

Kotak upgraded Bharat Electronics to Add and cut its target to INR 410 on October 6, 2026.
The board is scheduled to review July to September results on October 30, 2026.
Bharat Electronics stock was valued at INR 2.7 trillion on October 27, 2026.

BEL, INE263A01024, Illustration mit AI erstellt.

Bharat Electronics Limited (ISIN INE263A01024) was last at INR 368.60 on the NSE on October 27, 2026 at 1:53 p.m. IST, while Kotak Securities upgraded its rating but cut its target to INR 410. The move followed a reduction from INR 420, according to Boerse Global on October 9, 2026.

Target cut meets stronger rating

The analyst change is mixed rather than simply bullish. BusinessToday reported on October 6 that Kotak moved Bharat Electronics from Reduce to Add, while other named brokerages carried targets of INR 500, INR 525 and INR 530. Kotak's revised target is 11.22 percent above the NSE price of INR 368.60, calculated from the two same-currency values.

The counterweight is execution. BusinessToday said Kotak identified execution and margin normalization as risks, even as the brokerage cited large defense programs, missiles and exports as medium-term growth drivers.

Three dated order milestones

On October 6, 2026, Kotak shifted its rating from Reduce to Add and set a target of INR 410. On October 13, 2026, Bharat Electronics disclosed additional orders worth INR 5.33 billion, according to The Financial Express. On October 21, 2026, the company had received further orders worth INR 10.11 billion, including radar, communication, sonar and jammer work.

When are the next results?

The next dated event is the board meeting scheduled for October 30, 2026, to consider unaudited results for the quarter ended September 30, 2026, as reported by Stockport on October 27, 2026. That report will provide the next test of order execution and margins.

Valuation stays below the yearly high

Bharat Electronics had a market capitalization of INR 2.7 trillion on October 27, 2026. Its NSE 52-week range was INR 354.55 to INR 473.45, putting the latest price 22.14 percent below the high. The identity and listing details are confirmed by Moneycontrol.