BEL share price target 2022 NSE India, BSE - Bonus issue - All details

BEL Share Price Target 2022, BEL Share Price NSE India: BEL, Bharat Electronics Limited share price, NSE: BEL, is consistently hitting new highs. BEL share price on Friday, September 2, hit a fresh 52-week high of Rs 329.70. BEL share price BSE too hit a fresh 52-week high on September 2, 2022. BEL share price settled at Rs Rs 324.55 on NSE after gaining 1.63 per cent.

BEL share price 52-week range is Rs 329.70 - Rs 183.45 on NSE, as per Friday, September 2, closing.

BEL is an aerospace and defence electronics company under the Ministry of Defence. The PSU Navratna company was founded in 1954 and has its headquarters in Bengaluru. BEL manufactures advanced electronic products for the defence forces.

BEL share price has gained around 18 per cent in last one month while it has delivered a huge profit of 51 per cent in last six months. 

BEL Share Price Target 2022

Market expert and Zee Business panelist Shubham said that BEL has an excellent chart setup, adding that the share price is consistently making new highs. He said that BEL share price rally will continue and recommended BUY with the below price target:

BEL Share Price Target - Rs 335 - Rs 340

BEL Share Price Stop Loss - Rs 310 

BEL share price has been advancing on the back bonus share announcement and the Modi government approving a fresh list of 780 components and subsystems to be procured from the domestic defence companies. BEL board of directors had in early August approved the share bonus proposal in the ratio of 2:1. The state-run company will give two bonus shares for every one share held by the shareholders.

BEL has just recently signed an MoU with Smiths Detection, a global leader in threat detection and security inspection technologies, for offering advanced, high-energy scanning systems to the Indian market.

BEL is the largest domestic electronics manufacturer. It is the dominant supplier of radar, communication and electronic warfare equipment to the Indian armed forces.