Defense projects fuel analyst confidence for BEL shares
Shares of Bharat Electronics (BEL) rose nearly 2% on Monday after the Indian Army issued a tender worth nearly ₹30,000 crore for the QRSAM (Quick Reaction Surface-to-Air Missile) project, also known as 'Anant Shastra', Motilal Oswal said the new order lifts order book above ₹1 trillion and reaffirmed its Buy rating with a target price of ₹490.