Bharat Electronics stock: UBS raises target to INR 550

Published on 11/13/2026 at 10:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Bharat Electronics stock drew fresh support after UBS raised its target to INR 550. The broker retained its Buy rating and cited medium-term growth.

UBS raises its BEL outlook

UBS added Bharat Electronics to its APAC Key Call List and retained its Buy rating.
The brokerage expects 18% annual revenue and EBITDA growth from fiscal 2027 through fiscal 2030.
Bharat Electronics is targeting further defence orders as its order pipeline supports medium-term execution.

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Bharat Electronics stock drew fresh broker support on Thursday, November 12, after UBS added the Indian defence-electronics company to its APAC Key Call List and raised its price target to INR 550 from INR 500. UBS retained its Buy rating.

CNBC TV18 said UBS believes the market underestimates Bharat Electronics' medium-term earnings potential. The brokerage expects revenue and EBITDA to grow at an 18% compound annual rate from fiscal 2027 through fiscal 2030, supported by stronger earnings visibility and limited margin downside.

Order visibility remains central

UBS pointed to more than INR 2 lakh crore of orders secured by Bharat Electronics over the past decade. Management also remains optimistic about receiving INR 55,000 crore of orders in fiscal 2027, according to the report.

The company reported 27% revenue growth in its September quarter, above the 15% analyst-poll expectation cited by CNBC TV18. Its trailing 12-month order book stood at INR 68,720 crore, while first-half orders reached INR 7,660 crore.

For investors, the revised target reflects UBS' view of sustained order visibility, execution potential and a strong position across defence platforms. The outlook remains dependent on the timing of awards and the company's ability to convert its pipeline into revenue and earnings.