PL Capital keeps INR 452.00 target for Bharat Electronics stock

Published on 10/26/2026 at 15:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

PL Capital sees 14.00-15.00 percent quarterly revenue growth. Bharat Electronics stock stood at INR 362.30 on October 26, 2026, up 0.08 percent on NSE.

Analyst target and reporting date

PL Capital retained an INR 452.00 target for Bharat Electronics on October 23, 2026.
PL Capital projected 14.00-15.00 percent quarterly revenue growth and a 26.50 percent margin.
Bharat Electronics stock stood at INR 362.30 on NSE on October 26, 2026, up 0.08 percent.

BEL, INE263A01024, Illustration mit AI erstellt.

Bharat Electronics (ISIN INE263A01024) remains a top defense pick for PL Capital, which retained an INR 452.00 target on October 23, 2026, according to CNBC TV18. At INR 362.30, the NSE price was 19.85 percent below that target on October 26, 2026. On NSE, Bharat Electronics stood at INR 362.30 on October 26, 2026 at 12:23 p.m. IST, up 0.08 percent on the day.

Target rests on order inflows

PL Capital analyst Amit Anwani expects quarterly revenue growth of 14.00-15.00 percent and a 26.50 percent margin, as reported by CNBC TV18 on October 23, 2026. The same report said BEL had received INR 90.00 billion against annual order-inflow guidance of INR 250.00 billion.

The brokerage linked its view to fresh defense-electronics demand, indigenous manufacturing and potential contracts for missile systems, aircraft and naval platforms. It also said non-defense activities represented 10.00-15.00 percent of operations and were not expected to expand materially in the near term.

Revenue comparison remains central

For the first quarter of fiscal 2027, revenue from operations reached INR 55.33 billion, up 25.30 percent year over year, while standalone net profit rose 8.80 percent to INR 10.54 billion. CNBC TV18 reported those figures on October 13, 2026.

The order book stood at INR 722.58 billion as of July 1, 2026, according to the same report. That backlog gives the revenue comparison a concrete operating anchor, while the margin forecast places execution quality alongside order volume.

October 30 board date

StockFin lists October 30, 2026 as the date for BEL's board meeting to consider unaudited standalone and consolidated quarterly results, according to StockFin. The upcoming report will put the 14.00-15.00 percent growth expectation against the company's reported first-quarter increase of 25.30 percent.

Stock stays below target

The gap between INR 362.30 and PL Capital's INR 452.00 target is 19.85 percent when measured from the current NSE price. The quotation stood at INR 362.30 on NSE on October 26, 2026 at 12:23 p.m. IST, up 0.08 percent on the day.