India's Bharat Electronics set to rise for 7th straight week

Bharat Electronics

23/05/2025 09:01

** Shares of Bharat Electronics BAJE.NS are up 0.5% at 385.2 rupees, taking weekly gains to nearly 6%

** BAJE set to rise for seventh straight week, rising 37% in the period

** UBS upgrades the stock to "buy" from "neutral", raises PT to 450 rupees from 320 rupees earlier

** UBS expects significant order book acceleration for BAJE from FY25 to FY28

** Earlier this week, Motilal Oswal said BAJE's order pipeline stands strong for the next two years

** BAJE to be included on BSE Sensex .BSESN, effective June 23, exchange operator said on Thursday

** Sensex inclusion to result in inflows worth $354 million for BAJE, IIFL Securities estimates

** Avg rating of 22 analyst covering the stock is "buy", their median PT is 402.50 rupees - data compiled by LSEG

 (Reporting by Nishit Navin in Bengaluru)