surged nearly 4%, extending its rally as defense PSUs continue to outperform amid strong order inflows and government capex support. The stock remains one of the top performers in the defense manufacturing space, benefiting from rising domestic defense allocations and export opportunities. Technical View: The stock rebounded from its 14-EMA (₹413.8), forming a strong bullish candle. Momentum remains intact with RSI (14) at 63.1, indicating healthy trend strength. Support: ₹410 – ₹405 | Resistance: ₹435 – ₹450 Bias: Bullish; consolidation likely before next breakout. Fundamental View: BEL reported solid revenue and PAT growth in Q2 FY26, driven by radar, communication, and EVM segments. Order book remains robust (~₹70,000 crore+), providing multi-year revenue visibility. Focus on exports and diversification into non-defense sectors (EV chargers, green energy) adds upside potential. Analysts maintain Buy ratings with target range ₹450–₹470. Summary: BEL’s strong execution pipeline and defense tailwinds keep it a preferred pick among PSUs. Sustaining above ₹410 supports a bullish bias toward ₹450+.

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