Shares of Bharat Electronics Ltd (BEL) rose 2% to Rs 414 on October 3 after Goldman Sachs initiated coverage with a Buy call and a target of Rs 455, signalling 12% upside. The company is well-positioned across order execution and inflows, insulated from defence spending dips, and set to benefit from major projects like QRSAM, Project Kusha, and increased focus on defence electronics.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets