If you are looking for “ Bharat Electronics share price targets” for upcoming years, you are in the right place. Before we dive into Bharat Electronics Ltd. stock price targets, Let’s understand the Bharat Electronics company background, technical fundamentals etc.
About Bharat Electronics Ltd.
Bharat Electronics Limited (BEL) is a public sector undertaking in India, established in 1954. The company is a leading player in the defense electronics sector and offers a wide range of products, including radar systems, communication systems, and electronic voting machines.
Fundamentals of Bharat Electronics Ltd.
Let’s look at the fundamentals of Bharat Electronics, based on which we can get a clear understanding of the expertise in the Engineering – Industrial Equipments sector.
- Current Market Cap: The current market cap of Bharat Electronics as of 2/19/2023, is ₹ 70,356.62
- P/E Ratio: The current price-to-earning ratio of Bharat Electronics is 25.28
- Sales Growth: Sales growth in last 1 year for Bharat Electronics is 8.93 %
- Profit Growth: Profit growth is around 13.78 % in last 1 year
Bharat Electronics Ltd. Share Price Target Details
We have done a complete analysis of Bharat Electronics and have come up with its share price targets for upcoming years.
Bharat Electronics’s Current Share Price is ₹96
Note: These price targets of “Bharat Electronics” are only for reference purposes. This prediction is only if there are positive market sentiments, and any uncertainties in the company or global market condition are not covered in this analysis.
|Year||Bharat Electronics Share Price 1st Target (₹)||Bharat Electronics Share Price 2nd Target (₹)|
Bharat Electronics share price target 2023
After analysing the chart deeply by taking the monthly time frame analysis on the trading view chart of Paytm we found
The target share price of Bharat Electronics for the year 2023 will be ₹103
Bharat Electronics share price target 2024
The target share price of Bharat Electronics for the year 2024 will be ₹128
Bharat Electronics share price target 2025
The target share price of Bharat Electronics for the year 2025 will be ₹153
Bharat Electronics share price target 2026
The target price of Bharat Electronics for the year 2026 will be ₹178
Bharat Electronics share price target 2027 to 2030
The target share price of Bharat Electronics for the years 2027, 2028, 2029, and 2030 will be ₹203, ₹228, ₹253, and ₹278 respectively.
Technical Analysis of BEL Ltd’s Recent Price Movements
Potential Bullish Targets
- Initial Target: ₹145
- Why: The stock is showing a strong upward trend and is likely to test its recent high.
- Intermediate Target: ₹155
- Why: Based on moving averages and other technical indicators, the stock has room for growth.
- Advanced Target: ₹165
- Why: If the stock breaks past the intermediate target, it could aim for a new 52-week high.
Potential Bearish Targets
- Initial Target: ₹125
- Why: If the stock fails to maintain its current support level, it could drop to this price.
- Intermediate Target: ₹115
- Why: A break below the initial target could lead to further downside.
- Advanced Target: ₹100
- Why: This would be a critical support level, and breaking it could signal a bearish trend.
Based on the current stock price of ₹135, a 52-week high of ₹147, and a 52-week low of ₹87, BEL Ltd shows promise for both short-term and long-term investors. The company has a strong market cap and has been maintaining a healthy dividend payout. However, investors should be cautious and keep an eye on key support and resistance levels.