India's BEL hits record high on quarterly profit rise

Bharat Electronics

28/01/2026 09:29

** Shares of BEL BAJE.NS climbs 9% to record high of 455.7 rupees

** State-owned aerospace and defense electronics co posts 20.4% rise in Q3 consol profit; rev from ops up nearly 24%

** Nifty India Defence index .NIFTYINDDEFENCE rises 5% on pre-budget rally

** Government expected to meaningfully raise capex for defence sector in the upcoming union budget on Feb. 1, per brokerage firms

** More than 33 million shares change hands vs 30 day average of 14.5 million shares

** Stock rated "Buy" on average by 25 analysts; median PT at 475 rupees as per data compiled by LSEG

** Stock rose 36.3% in 2025

 (Reporting by Mridula Kumar in Bengaluru)

 ((Mridula.Kumar@thomsonreuters.com;))