BEL's sales trajectory will sustain on multiple growth opportunities

Investors may consider buying the stock on dips, say experts

The country’s second-largest listed defence major by market capitalisation, Bharat Electronics (BEL) has delivered a mixed performance during the July-September quarter. While revenues met Street estimates, it lagged on the operating and net profit fronts. 

Riding on strong execution and improvement in semiconductor supply, the company posted an 8 per cent increase in its top line.

BEL reiterated that its revenue growth target is 15 per cent for FY23 while brokerages such as Elara Securities expect it to achieve 19 per cent uptick in top line. Growth drivers for the year include execution of export orders and traction in the