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News Topical, Digital Desk : After India's successful action against Pakistan, the domestic defense sector has been in the news for some time and its stock has increased. Due to the increase in defense deals by India and focus on domestic companies, experts believe that many companies in the defense sector will get good benefits. Seeing the positive signs, the brokerage house has issued investment advice for 2 companies.
Hindustan Aeronautics
Jefferies has recommended buy and has given a target of 6475. JP Morgan has advised overweight and has set a target of 6105. Morgan Stanley has given an equal weight rating and has set a target of 5092. According to Morgan Stanley, the valuation has become very expensive at the moment. At the same time, the guidance regarding the speed of completing the order does not seem to be very effective, hence equal rating has been given. At the same time, the outlook for margin and new orders is strong. According to Jefferies, the management believes that it is possible to maintain a margin of 30 to 31 percent. According to both Jefferies and JP Morgan, the results have been very good. The stock is currently below the level of 5000.
BEL Brokerage firm UBS has given an upgrade to Bharat Electronics Limited i.e. BEL this week and increased the rating of the shares from neutral to 'buy'. Along with this, UBS has also increased the target for the company's shares from 320 to 450. Apart from this, JP Morgan has given a target of 445 for the stock. UBS said that BEL's order book is expected to grow rapidly between FY 2025 and 2028, due to which this upgrade has been given. In the long term, the company has an order pipeline of about Rs 2.4 lakh crore. Currently, out of 29 analysts covering BEL, 25 have given it a rating of "buy", 2 have given "hold" and 2 have given "sell". The stock is currently at the level of 384.
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