UBS downgrades BEL stock to 'Neutral' after Q1FY25 results; Here is WHY

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UBS downgrades BEL stock to 'Neutral' after Q1FY25 results; Here is WHY - Business Standard

Quick Summary:

New orders were in line with the UBS estimate, at Rs 5000 crore (implying a 9-month target of Rs 20,000/25,000 crore to meet FY25 guidance/UBSe).

However, the brokerage sees nearly a 6 per cent upside potential in BEL stock and has revised the price target to Rs 340 from Rs 333 for the next 12 months.

The company's sales increased by 20.11 per cent to Rs 4,243.57 crore in the quarter under review, compared to Rs 3,532.94 crore in Q1FY24.