Thursday's spotlight will be on Defence PSU Bharat Electronics shares due to a ₹633 crore deal from Cochin Shipyard.

By obtaining an order worth ₹633 crore from Cochin Shipyard, Bharat Electronics (BEL) improved its standing in the defense industry. This comes after recent large orders, and brokerage firms have predicted that the share price will rise to ₹500 due to BEL's wide portfolio and excellent development prospects.

Given that the defense major received a sizable order, Navratna Defence Public Sector Enterprise Bharat Electronics (BEL) might draw interest from investors during Thursday's trading session, October 23. The company notified investors in an exchange filing today that it had obtained a ₹633 crore order from Cochin Shipyard.

The order is for the provision of parts needed for BEL's communication equipment, fire control systems, weaponry, and different sensors. Following orders totaling ₹592 crore that were secured last week, this represents the company's second significant order.

Tank subsystems and overhauls, communication devices, battle management systems, ship data networks, train collision avoidance systems (Kavach), laser dazzlers, jammers, upgrades, spare parts, and related services are only a few of the defense and technological solutions that are covered by the orders.

IT infrastructure, cybersecurity solutions, electronic support measures, blockchain platforms, communication equipment, replacement parts, and services were among the extra orders totaling ₹712 crore that BEL had previously announced on September 16. On September 1, the business also revealed new orders totaling ₹644 crore.

In Samvat 2082, analysts predict that the share price of Bharat Electronics will hit ₹500.

With the expectation that the share price will increase to ₹500, domestic brokerage firms have selected Bharat Electronics as one of their top picks in the defense sector for Samvat 2082. Choice Equity Broking maintained a "buy" recommendation and set a target price of ₹500 for the stock, which was one of its high-conviction investment ideas.

The company is well-positioned in the defense industry, according to the brokerage, because it is not entirely reliant on order inflows from significant DPSUs. Its long-term growth potential is increased by its diverse portfolio, robust R&D skills, and growing presence in both the defense and non-defense sectors.

Additionally, Motilal Oswal anticipates that the stock will hit ₹490 per share. The Indian Army's ₹30,000 crore tender for the "Anant Shastra" project, with BEL as its major integrator, increased its order book to above ₹1 trillion, according to the local brokerage, highlighting its leadership in important defense programs.

It is well-positioned under the TPCR 2025 program and will gain from ongoing opportunities in the Air Force, Navy, and Army. BEL is an attractive investment in India's defence modernisation drive because it provides strong long-term growth visibility, the brokerage continued.

Trend of Bharat Electronics' share price

In recent months, the company's shares have been in a recovery phase, rising 15.7% from August lows and trading close to their July record high of ₹436.

Zooming out, the stock has gained 43% in 2025 thus far, which is the sixth consecutive year that it has done so.