Multibagger defence stock set to zoom further as company's FY24 order book likely to breach Rs 25,000 crore
Taking cognisance of FY24’s order inflow already being in excess of guidance and steady execution, the brokerage raises its valuation multiple to 30x (earlier 28x) FY26E earnings per share
It also held that the company’s impressive order inflow, despite FY24 being a pre-election year, lends certainty to BEL’s execution. (Image: Official website)