Multibagger defence PSU BEL surges over 9% after Q4 results, earns upgrade from Motilal

BEL shares hit a record high, up 9% after a 30% profit increase and dividend declaration. Brokerages are optimistic about BEL’s growth potential, with target prices set by Nomura & Motilal Oswal, citing improved margins & government support for the defence sector.

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