Bharat Electronics maintained its FY27 order inflow guidance of ₹55,000 crore despite delays in major projects, while brokerages remain positive on its growth outlook
Motilal Oswal Financial Services has reiterated its 'Buy' rating on BEL stock and revised its target price to ₹540 from the earlier target of ₹530.
Twenty-one of the 22 Nifty India Defence constituents traded green in early trade today, driving the sectoral index 2.8 per cent higher to 8,908.
Stocks to watch today: BEL, Swiggy, Eternal, IHCL, PC Jeweller, RBL Bank, SRF, Nestle India, Zydus Wellness, Persistent Systems, Adani Green Energy, Aye Finance, among others, will be in focus today
Apollo Micro, MTAR Tech, Sigma Advanced, Paras Defence, Astra Microwave, Zen Technologies, BEML, MIDHANI, Solar Industries and Data Patterns were down in the range of 4 per cent to 6 per cent.
Stocks to buy today: Kotak Neo's Shrikant Chouhan has shared a bullish view on Bharat Electronics Limited and Greenply Industries Limited.
Power Grid, NMDC, IREDA, IRFC, RCF, RVNL, SJVN and Mazagon Dock Shipbuilders hit 52-week lows on the BSE in Thursday's intraday deals.
So far in 2026, the Nifty India Defence index has added 23 per cent, while it has grown 16 per cent in a year, according to data available on NSE.
Stocks to watch today: Navratna defence PSU Bharat Electronics (BEL) has secured additional orders worth ₹648 crore.
The next important support is placed near 22,700, marked by an upward-sloping trend line.
Stocks to watch today: Bandhan Bank, defence shares, RBL Bank, PVR Inox, Adani Power, Swiggy, Asian Paints, Molbio Diagnostics, IndusInd Bank, among others, will be in focus today.
The Nifty India Defence index is up 27 per cent on a year-to-date (Y-T-D) basis. It remains higher by 30 per cent in a year.
Stocks to watch today: Navratna defence PSU Bharat Electronics Limited (BEL) has secured additional orders worth ₹730 crore since the last disclosure on August 10, 2026.
Analysts said that defence sector's long-term outlook remains constructive, supported by robust order books that provide multi-year revenue visibility.
Despite weaker operational performance and lower order inflows in Q1, BEL remains confident of meeting FY27 guidance on sales, margins and fresh orders
Post Q1 results, MOFSL has maintained its 'Buy' rating on BEL stock and raised its target price to ₹530 from ₹510, implying an upside of around 30 per cent from the previous close of ₹407.
Stocks to Watch today: BEL, Coal India, L&T, HUL, Bank of Baroda, Tata Power, IndiGo, Tata Chemicals, HDFC Bank, Godfrey Phillips, Tata Motors PV, Indus Towers, among others, will be in focus today.
Kotak Institutional Equities said that defence companies are well-positioned to benefit from rising geopolitical tensions, accelerating modernisation programmes and an expanding export opportunity.
Defence stocks in focus: The Defence Acquisition Council (DAC) approved capital acquisition proposals worth about ₹52,000 crore to strengthen the combat capabilities of the armed forces.
Stocks to Watch today: BEL, IREDA, JSW Infra, Vodafone Idea, Vedanta Aluminium, Craftsman Automation, Delhivery, Bajaj Auto, Bandhan Bank and more will be in focus today.