BEL Shares Gain on Q2 Results and Strong Growth Outlook

Bharat Electronics Limited (BEL) shares closed 4.56% higher at ₹397.10 on BSE on Wednesday, driven by strong Q2 financial results for 2026-27.

The state-owned defence manufacturer reported a 19.6% annual increase in net profit, outperforming market expectations for revenue and EBITDA.

Motilal Oswal maintained a 'Buy' rating on the stock with a revised target price of ₹540, projecting a 15% CAGR across FY26-29.