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BHARAT ELECTRONICS LTDBHARAT ELECTRONICS LTDBHARAT ELECTRONICS LTD

BHARAT ELECTRONICS LTD

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BEL trade ideas

Bharat Electronics is at very strong support zone.This support zone was a supply zone(resistance zone) back in 2017, and not it is becoming a support zone(demand zone), multiple times in a very short period of time. You can keep it on your watchlist. BEL provides specialized electronic equipment requirements of the Indian Defence Services. It is totally debt-free company. Although after watching the FII activity in this stock, FIIs are taking very much interest after COVID-19. So, be alert.
NSE:BELLong
by dharam0070
bel Make in India’ government focus clear: Mgmt highlighted that 692 items have been uploaded on the Ministry of Defence indigenization portal. EOIs for 69 items have also been published under Make-II. BEL is providing test facilities to private vendors apart from participating. Company saw 13% revenue CAGR vs single-digit Defence Capital budget CAGR since indigenisation effort began in FY15. Focus again on domestic manufacturing should see this higher CAGR sustain. Rs 558-bn order book is 4x FY21 revenues: Rs 53-bn orders have been received YTD and order book is 2% higher since Q1FY22. Rs 565 bn is the visible 3-year order flow pipeline. For FY22e, Rs 80-100 bn orders from the air force, Rs 40-50 bn from army and Rs 30-40 bn from the navy is the defence order flow potential. Rs 30-40 bn non-defence orders is incremental. smart cities are focus areas for BEL. Rs 300-500 mn might be the annual incremental capex need, which could scale up ahead. Rs 5-6 bn is BEL’s annual capex run-rate. Company received a trial order from the Delhi Metro, which should convert to a larger order.
NSE:BELLong
by Tradernawab
BELBEL looks bullish on Daily chart with the following analysis. NOTE: DO YOUR OWN DILIGENCE BEFORE INVESTING. 1. 20 DAY EMA confirms the bullish signal on 11th Oct. which is also a breakout point in the bullish flag pattern. 2. Ichimoku Conversion line is above the Base line with the Green cloud still taking it further up. 3. MACD line is about to cross Signal Line. 4. RSI sitting at 62 Which is still a good buy sign. 5. Since the price is the all time highnad R1:214,R2:226 R3: 252 as per TA.
NSE:BELLong
by Tron029