Nuvama has 'Buy' rating on BEL, SOIL, BDL, HAL and Data Patterns. The brokerage has a target of Rs 520 on BEL, Rs 18,000 on SOIL, Rs 2,020 on BDL, Rs 5,800 on HAL and Rs 3,570 on Data Patterns.
BEL shares target price: Domestic brokerage firms continue to remain positive on Bharat Electronics Ltd (BEL) on both technical and fundamental basis.
Elara suggested an ‘Accumulate’ rating on Bharat Electronics Ltd (BEL) and Bharat Dynamics Ltd (BDL), a ‘Buy’ rating on HAL, BEML and Zen Technologies Ltd, and a ‘Sell’ rating on GRSE.
PL Capital has 'Hold' rating on BEL and BEML and 'Buy' on HAL. It suggested targets of Rs 407 for BEL, Rs 1,982 for BEML and Rs 5,507 for HAL.
In its Q3 FY26 defence sector results preview, the brokerage said the sector is transitioning from a policy-led induction phase to a more structural execution phase.
MOFSL expects BEL to report 13 per cent YoY rise in profit at Rs 1,487 crore on 17.8 per cent jump in sales at Rs 6,780 crore. Ebitda is seen at Rs 1,912 crore.
For HAL, Nomura assumed repair, overhaul and spares order inflows of about Rs 5,300 crore in the absence of meaningful manufacturing contracts, implying a 68 per cent year-on-year decline on a high base.
An analyst from Anand Rathi said that HAL has displayed signs of trend reversal after breaking above a falling trendline with RSI reflecting improving momentum.
MOFSL expects BEL's Q3 net profit to come in at Rs 1,487.30 crore, up 13 per cent YoY. It sees sales growing 17.8 per cent YoY to Rs 6,780 crore. BDL is seen reporting 40.4 per cent YoY growth in profit at Rs 206.60 crore.
Antique sees opportunity for PTC Industries, Mazagon, HAL, BEL and BDL. It maintained 'Buy' rating on Mazagon Dock, HAL, BEL, BDL, Zen Tech, Solar Industries and PTC Industries.
Nifty Bank will witness methodology changes, which will result in two new inclusions along with member-wise weight adjustments.





