336 pc Returns in THIS PSU Stock in 3 Years! Morgan Stanley Bullish, Recommends Target Price. Image Source: CanvaPro
American broking firm Morgan Stanley is bullish on the state-owned Bharat Electronics Ltd (BEL) and has an ‘Overweight’ call on the PSU stock. BEL share price has delivered 32.81 per cent returns in the last 180 days. The counter endured northbound journey to deliver nearly 100 per cent returns in the last 365 days, making investors richer with massive gains.
BEL Share Price Target 2024
Analysts at the global brokerage firm Morgan Stanley have given ‘overweight’ rating on the Bengaluru-headquartered company, recommending a target price of Rs 263 apiece.
BEL Share Price History
BEL share price share price multiplied investors wealth by a whopping 166.46 per cent in the last two years, giving multibagger returns. The scrip moved north of 336.05 per cent in the last three years, as per data available on the BSE.
BEL Share Price NSE
BEL share price touched an intraday low of Rs 185.7 per share, down by 2.21 per cent form its previous close of Rs 189.90 apiece. The performance of the counter is line with the sector. The counter is trading higher than 100 day and 200 day moving averages but lower than 5 day, 20 day and 50 day moving averages.
BEL Share Price History
The counter has delivered multibagger returns of 167.03 per cent in the last two years, making investors richer with massive gains. In the last three years, PSU stock multiplied investors wealth by a whopping 336.99 per cent, as per data available on the BSE Analytics.
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