Bharat Electronics stock: Kotak cuts target to INR 410 for Bharat Electronics stock

Published on 10/16/2026 at 17:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

P/E was 44.86 on October 16, 2026. Bharat Electronics stock cost INR 377.10 on October 16, 2026 at 3:50 p.m. IST, down 0.71 percent versus BSE close.

Analyst target stays above price

Kotak Institutional Equities changed its rating from Reduce to Add and set an INR 410.00 target on October 6, 2026.
Bharat Electronics had a price-to-earnings ratio of 44.86 on October 16, 2026.
Bharat Electronics stock last traded at INR 377.10 on BSE on October 16, 2026 at 3:50 p.m. IST, down 0.71 percent versus the prior BSE close of INR 379.80.
Yahoo Finance lists October 29, 2026 as the next earnings date.

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Kotak Institutional Equities changed its rating on Bharat Electronics from Reduce to Add and cut its target from INR 420.00 to INR 410.00 on October 6, 2026. The new target stood 8.72 percent above the stock's INR 377.10 price. BusinessToday reported the change on October 6, 2026.

Target change highlights execution risk

Kotak's revised target leaves a calculated 8.72 percent gap above the latest BSE price. Its rating moved higher even as the target declined by INR 10.00, a combination that puts more weight on execution than on a simple valuation expansion.

The brokerage identified large defense programs, missiles and exports as medium-term growth drivers. It also named execution and margin normalization as risks. CNBC TV18 reported that Kotak lowered its financial year 2028-2029 earnings-per-share estimates by 4 percent.

Price position and valuation

Bharat Electronics last traded at INR 377.10 on BSE on October 16, 2026 at 3:50 p.m. IST, down 0.71 percent from the prior BSE close of INR 379.80. The session range was INR 376.80 to INR 382.50, while volume reached 684,606 shares against an average of 1,062,704.

The stock's 52-week range was INR 240.15 to INR 473.25. The latest price therefore stood 20.30 percent below the yearly high and 57.04 percent above the yearly low. Its price-to-earnings ratio was 44.86, and its market capitalization was INR 2.8 trillion, both as of October 16, 2026.

Comparison with peers

Bharat Electronics (BSE, INR): minus 0.71 percent, price-to-earnings ratio 44.86, market capitalization INR 2.8 trillion
Hindustan Aeronautics (NSE, INR): plus 1.61 percent, price-to-earnings ratio 35.79, market capitalization INR 3.3 trillion
Bharat Dynamics (NSE, INR): minus 1.03 percent, price-to-earnings ratio 78.44, market capitalization INR 408.6 billion

Next earnings date

Yahoo Finance lists October 29, 2026 as Bharat Electronics' next earnings date. The date gives investors a near-term checkpoint for order execution, revenue growth and margin performance. The company had also been discussed in connection with INR 5.33 billion of orders on October 16, 2026, but that announcement is not the central market measure here.

Bharat Electronics last traded at INR 377.10 on BSE on October 16, 2026 at 3:50 p.m. IST, down 0.71 percent versus the prior BSE close of INR 379.80.