BEL Shares Fall Despite Stellar Q3 Results: Is It a Buy Opportunity?

• Bharat Electronics Limited (BEL) shares dropped over 3% despite a 20% rise in Q3 net profit to ₹1,579.10 crore and revenue reaching ₹7,153.85 crore.
• Market experts attribute the share decline to profit booking, not company weakness, as brokerage firms remain bullish.
• Jefferies, Nuvama, and JM Financial recommend 'buy' or 'add' ratings, with target prices ranging from ₹480 to ₹565.
• BEL's order book stands strong at ₹73,015 crore, with management confident of exceeding FY2026 order inflow guidance of ₹27,000 crore.
• Upcoming mega projects like Next Generation Corvette (NGC) and Quick Reaction Surface-to-Air Missile (QRSAM) are expected to drive future growth.

Why It Matters: Despite a recent share dip, BEL's strong Q3 results and robust order book make it a 'buy' for brokerages.