Bharat Electronics Stock Price Drops by 6% to ₹274.5 after Missed Order Target

Bharat Electronics Ltd.’s (BEL) stock price dropped 6% today after the order inflows for FY25 were below estimates. On Wednesday, April 2, 2025, BEL's shares experienced this downturn in intraday trading on the BSE, reaching a low of ₹274.5. This reaction followed an exchange filing on April 1, where BEL disclosed securing orders worth ₹ 18,715 crore in FY25, falling short of its projected ₹ 25,000 crore.

Revenue Growth Exceeds Estimates

Though BEL missed the order inflow target, it reported provisional turnover for FY25 at ₹23,000 crore. It is also a 16% rise over the FY24 turnover of ₹ 19,820 crore. Notably, this revenue growth was higher than BEL guidance which was pegged at 15% for the year.

Significant Orders Received

During FY25, BEL received significant orders for projects such as the BMP II Upgrade, Ashwini Radar, Software Defined Radios, Data Link, Multi-Function Radars, and EON 51, besides projects in the Non-defence sector.

Strong Existing Order Book

As on April 1st, 2025, BEL's order book position stood at ₹71,650 crore (including export order book of 359 million US$). FY25 export sales were about $106 million, up 14% from export sales of $92.98 million in FY24.

Management’s Take on Global Growth

BEL's chairman and managing director Manoj Jain commented that the company is working to maximize its presence and footprint in the global market in the years to come. He says these will aid BEL in retaining its position as a market leader in the strategic electronics sectors.

Positive Sentiment from Analysts

Shares in Bharat Electronics fell about 0.5% to ₹112.5 on the BSE today, on a day when the benchmark sensex was up 0.4% to 39,774. The stock has an "outperform" rating from Macquarie with a target price of ₹350 and a "sell" rating from Kotak Institutional Equities with a target price of ₹260.

Technical Indicators Indicate Bullish Momentum

Technically, the stock’s relative strength index (RSI) is 57.4, so it’s not in an oversold or overbought position. The MACD is seen at 7.2 above its center and signal line, and this bias is thus bullish. BEL shares are currently trading higher than their 30-day and 50-day simple moving averages (SMAs), but below the 5-day, 10-day, 20-day, 100-day, 150-day, and 200-day SMAs.

Performance And Market Capitalization Of Stocks

BEL shares have declined 5% year-to-date, but have increased by 185% over the last two years. With the rise, the market cap of the company is currently at ₹2,03,467 crore. On April 2, 2025, at 12:49 PM, the BEL share price was listed as ₹281.35, a drop of 3.65%. The shares have lost 5.8% on Wednesday to ₹275 after ending at the day’s low of ₹291.35 on Tuesday following the announcement

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