Technically, BEL's counter is trading below the 5-day and 10-day simple moving averages (SMAs) but above the 20-day, 30-day, 50-day, 100-day, 150-day and 200-day SMAs.
Master Capital Services said that Bharat Electronics has delivered a decisive breakout above its long-term resistance trendline, supported by strong bullish candles.
Garden Reach (GRSE), Paras Defence, Mazagon Dock Shipbuilders Ltd, Zen Technologies and Data Patterns were some other stocks plunging 7-9 per cent.
MTAR Technologies Ltd jumped 7.36 per cent to hit a high of Rs 3,148.90, while Ideaforge Technology Ltd was trading 4.60 per cent higher at Rs 483.40. Data Patterns (India) Ltd climbed 4.5 per cent to Rs 2,791.15.
The Economic Survey 2026 mentioned the recently concluded free trade agreement with the European Union as a significant development that expands market access for labour-intensive manufactured exports.
For the quarter under review, BEL reported a profit after tax (PAT) of Rs 1,590.06 crore, up 20.82 per cent year-on-year (YoY) from Rs 1,316.06 crore in the corresponding period last year.
Choice Institutional Equities added that they see near-term optionality from NGC orders worth Rs 3,000-5,000 crore in Q4 and the large-ticket QRSAM order, where the probability exceeds 90% for Q4 FY26.
BEL Q3 results: Nomura noted that BEL's gross margin contraction was more than offset by improved operating leverage on account of a 240 basis points drop in other expenses as a percentage of sales.
For the quarter under review, BEL reported a profit after tax (PAT) of Rs 1,590.06 crore, marking a 20.82 per cent year-on-year (YoY) increase from Rs 1,316.06 crore in the corresponding period last year.
Nirmal Bang expects BEL to report 0.6 per cent YoY rise in net profit at Rs 1,319.40 crore on 11 per cent YoY rise in sales at RS 6,405.50. Order book is seen rising 9.9 per cent sequentially to Rs 78,047 crore.
BEL shares slipped 1.10% to Rs 413 against the previous close of Rs 417.60. Market cap of the firm stood at Rs 2.99 lakh crore.





