Shares of state-run company Bharat Electronics (BEL) fell by more than 3% during early trading on Monday. However, some improvement was also seen in the stock from the lower levels. This stock has been included in the Nifty50 index from today. Apart from BEL, Trent has also been included in this major index from today. Trent is the sixth stock of Tata Group, which has got a place in Nifty50. Apart from this, TCS, Tata Motors, Titan, Tata Steel and Tata Consumer Products are included in this index. Trent is also seeing a decline today.

In the last 4 out of 5 trading sessions, BEL's stock saw a rise. On Friday too, this stock was able to close with a slight gain. This stock has been included in the index due to Nifty rebalancing.

Company on the way to meet guidance this year
Global brokerage firm Macquarie believes that BEL is on the way to meet guidance for the financial year 2025. However, in the first half of the financial year, the company has received fewer orders than expected. BEL's order inflow for the financial year 2025 is estimated to be ₹ 25,000 crore. On September 11 itself, the company has received orders worth ₹ 1,155 crore. The company's total order for the financial year 2025 has now reached ₹ 7,075 crore. No concern about order inflow The brokerage firm said in its note that now the focus will be on how many big orders BEL is able to get in the second half of the current financial year. This year, the current order inflows appear to be lower than expected, but there is no need to worry about it at the moment. The stock has fallen 16% from the recent peak. The brokerage firm has set a target price of ₹ 350 per share while keeping an Outperform opinion on BEL. Recently, the stock managed to reach the upper level of ₹ 340 per share (10 July 2024). The stock has slipped 16% from this level so far.