Whalesbook
Geojit Financial Services has issued a 'BUY' rating for Bharat Electronics Ltd. (BEL), setting a target price of Rs. 504. The report highlights BEL's strong Q2 FY26 performance, with revenue up 26% year-on-year (YoY) and net profit rising 18% YoY, exceeding expectations. The company maintains a significant order backlog of Rs. 74,453 crore, ensuring earnings visibility for the next three years. Geojit forecasts BEL's earnings to grow at a 21% Compound Annual Growth Rate (CAGR) from FY25 to FY27E.