The brokerage also highlighted the Union Budget’s 18% rise in defence capital expenditure for FY27 to Rs 2.2 lakh crore, with 75% of procurement earmarked for the domestic market, as a positive driver for the stock.
Bharat Electronics (BEL) is a Navratna PSU under the Ministry of Defence, Government of India. It manufactures electronic products and systems for the army, navy, and air force.
Its standalone net profit jumped 20.81% to Rs 1,590.06 crore on 23.72% rise in revenue from operations to Rs 7,121.98 crore in Q3 FY26 over Q3 FY25. The company’s order book position stood at Rs 73,015 crore as of 1 January 2026.
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