PSU defence stock up 4% on heavy volumes; nears record high. Do you own?

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PSU defence stock up 4% on heavy volumes; nears record high. Do you own? - Business Standard

Quick Summary:

Bharat Electronics hit four-month high of ₹317.90, rallied 4 per cent on the BSE in Tuesday's intra-day trade amid heavy volumes on a healthy business outlook.

With expectations of a strong fourth quarter performance, ICRA estimates BEL’s FY2025 full-year revenues to witness a healthy growth of ~10 per cent-15 per cent on a YoY basis.

Additionally, the Government of India’s increased focus on increasing indigenous procurement under ‘Atmanirbhar Bharat’ provides a unique opportunity for BEL to build its future revenue streams through development of domestic capabilities, according to analysts.