Market experts attributed the weakness to a combination of valuation concerns, liquidity pressures and profit booking.
Motilal Oswal said that stable execution and rising export momentum could shape capital goods sectors' H2FY26 outlook
Motilal Oswal Financial Services recommends Reliance Industries and HCL Tech from the large-cap basket, while BEL and M&M Financial are top bets from mid-cap
Nuvama Institutional Equities and Choice Institutional Equities have maintained their 'Buy' ratings on the Bharat after the company reported an 18 per cent rise in net profit to ₹1,286 crore in Q2FY26
Pro-growth policy measures such as the government's proposed goods and services tax (GST) rationalisation are expected to aid consumption
Among individual stocks, Solar Industries, Bharat Electronics, Data Patterns and PTC Industries are Goldman Sachs' top buy ideas, while Bharat Dynamics has been rated Sell'.
PSBs have benefited from the Reserve Bank of India's (RBI) cumulative 100 basis points (bps) repo rate cut in three tranches till June 2025, and liquidity measures that lowered borrowing costs
Motilal Oswal analysts retained their 'Buy' rating on BEL with a target price of ₹490, based on 45 times September 2027 estimated earnings.
The addition would strengthen the Indian Army's Army Air Defence, which played a crucial role in thwarting Pakistani drone attacks during Operation Sindoor
At 1:10 PM, L&T shares were trading near day's high level, up 1.19 per cent at ₹3,701.95 per share. In comparison, BSE Sensex was trading 0.24 per cent lower at 81,906.96 levels.
Order wins, strong pipeline, and long-term defence projects drive optimism in Bharat Electronics, with revenue growth visibility and major contracts like QRSAM and Project Kusha ahead
The brokerage has assigned an 'Add' rating to HAL and BEL, with target prices of ₹6,325 and ₹459, respectively, while Bharat Dynamics, Astra Microwave, and Data Patterns remain 'Not Rated.'
Thus far in the month of September, Bharat Electronics stock has outperformed the market by surging 11 per cent, as compared to 3.5 per cent rise in the BSE Sensex.
BEL share price rose after the company announced that it will pay the dividend of ₹0.90 per share on September 23, 2025.
Centum Electronics shares hit a record high after it signed an MoU with BEL for strategic collaboration in defence electronics
Stock Market Highlights on Monday, July 28, 2025: Barring Nifty FMCG and Pharma, all other sectoral indices on the NSE settled in the red, with the Nifty Realty index being the top laggard
In the past month, BEL has outperformed the market by surging 13 per cent, as the company secured orders amounting of ₹3,973 crore in June.
SBI, BEL, HAL, Power Grid, and Coal India are among the top stock picks for Motilal Oswal
BEL share price: With a market cap of ₹3.03 trillion, BEL stands at 25th position in the overall market cap ranking of the BSE listed companies
Technology transfer took place at DRDO's VRDE lab in Ahilyanagar, Maharashtra, as part of efforts to boost defence manufacturing and private sector participation