BEL shares surged 8% on bullish analyst outlook, following a 30% increase in Q4 net profit to Rs 1,797 crore.
Bharat Electronics (BEL) shares surged over 8% in early trading on Tuesday after analysts' bullish outlook and raised target prices, following the company's strong Q4 results. BEL reported a 30% increase in its consolidated net profit to Rs 1,797 crore for the quarter ending March 31, 2024, with revenue from operations rising 32% to Rs 8,564 crore. The share price reached a record high of Rs 283 per share on the National Stock Exchange (NSE).
May 21, 2024
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