Shares of Bharat Electronics Ltd ended at ₹267.35, down by ₹9.85, or 3.55%, on the BSE. Macquarie has maintained its ‘outperform’ recommendation on BEL with a price target of ₹350, which implies a potential upside of 20% from Tuesday’s (October 1) closing levels. The stock is currently 15% below its recent peak of ₹340.
