BEL trying to ring the right bells

Apr 2, 2023

Bharat Electronics is a Navratna PSU under the Ministry of Defence (Government of India). Company is also known as BEL. Company manufacture state of the art electronic product and system for the Army, Navy and the Air Force. CMP of the stock is 97.55. Negative aspect of the company is FIIs and MFs are decreasing stake. Positive aspects of the company are no debt, zero promoter pledge, improving annual net profit, and improving quarterly net profit. Entry in the stock can be taken after closing above 98.5 Target in the stock will be 103.9. Long term target in the company can be 110 and 114+. Stop Loss should be maintained at a closing below 87.