BEL Share Price | Beneficial update on defense company, multibagger stock in focus, bullish signs – NSE: BEL

BEL Share Price Update

Bharat Electronics Limited (NSE: BEL) has seen its share price decline over 24% from its peak. As of Tuesday, October 5, the stock was trading 0.53% higher at Rs 285.65. The stock experienced significant growth over the past 1-2 years, providing multibagger returns. On November 6, 2024, BEL shares were priced at Rs 301, reflecting a 5.19% increase.

Target Price and Market Sentiment

The share touched a high of Rs 340 in July 2024, but is currently down 24% from its all-time high. Analysts note that the stock has entered a bullish phase, with support around the 200-day exponential moving average (DEMA). The daily Relative Strength Index (RSI) for BEL has crossed 50, signaling positive momentum. Experts have set a target price of Rs 315, recommending a stop-loss at Rs 265.

Brokerage Insights

Prabhudas Leeladhar has rated BEL shares as a ‘BUY,’ suggesting that the stock is currently consolidating and may experience volatility. The firm anticipates that if BEL settles above Rs 300, it could reach Rs 340.

Performance Overview

In the last six months, BEL stock has returned 23.20%, with a remarkable gain of 107.52% over the past year. Over the last five years, the stock has delivered returns of 683.03%, and a year-to-date increase of 54.45%.

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News in Hindi | BEL Share Price 6 November 2024 Hindi News.