BEL.NSE Bharat Electronics Ltd.
1,363
230.00
1.70
(0.73%)
| Watchers | 1,363 |
| 52-Wk Low | 105.70 |
| 52-Wk High | 241.65 |
| Market Cap | 1.69T |
| Volume | 20.16M |
| 52-Wk High | 241.65 |
| 52-Wk Low | 105.70 |
Nomura bullish on defense sector, gives HAL, BEL 'buy' tagMoneycontrol • about 2 hours ago
HAL's significant capability upgrade provides it the basis for developing its own indigenous engine program, said Nomura.
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In terms of levels, immediate resistance for Nifty is noted at 22,900, followed by further resistance at 23,170 and 23,400. Conversely, crucial support levels are identified at 22,500 and 22,300.
IRCTC has seen a breakout of horizontal resistance trendline adjoining multiple touchpoints. The stock has formed long bullish candlestick pattern on the daily charts with above average volumes, while trading above all key moving averages.
Stocks of most large defence players have seen rapid gains over last five years. For example, HAL has gained over 9x, BEL has gained around 6x and Data Patterns has gained nearly 3x (over the last three years; listed in 2021).
Defence export opportunity could average a 21 percent growth rate in FY23-30. While India’s defence exports rose 16 times in FY17-24 to $3 billion, the brokerage estimates it to reach $7 billion by Fy30
Anand Rathi is bullish on Bharat Electronics has recommended buy rating on the stock with a target price of Rs 250 in its research report dated March 26, 2024.
Oberoi Realty has seen a consolidation breakout. The stock has formed bullish candlestick pattern on the daily charts with above average volumes, and now traded above all key moving averages.
Karur Vysya Bank has taken a support at 50-day EMA for second straight session. The stock fell 16 percent from its all-time high before showing the current recovery. It has formed long bullish candlestick pattern on the daily charts.
With this, the company has received cumulative orders of Rs 30,776.06 crore in the current financial year
The indigenous software designed radio (SDR) technology based sets will boost the IAF's communication network.