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  5. Bharat Electronics hits 52-week high ahead of Q4 results: Check earnings preview and key technical levels

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Bharat Electronics hits 52-week high ahead of Q4 results: Check earnings preview and key technical levels

Upstox
By Upstox News Desk

4 min read | Updated on May 19, 2025, 14:03 IST

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SUMMARY

Bharat Electronics demonstrated strong bullish momentum, surging over 42% since April lows and closing at record highs by reclaiming its previous all-time closing high of ₹340. Additionally, the at-the-money options indicate an expected ±6% price movement by the May expiry.

Stock list

BEL
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With this, BEL has commenced the current financial year 2025-26 with a ₹593.22 crore order acquisition.

BEL reported a turnover of ₹23,000 crore in FY25, registering 16% growth over the previous year’s ₹19,820 crore. | Image: Shutterstock

Defence equipment manufacturer Bharat Electronics (BEL) is set to announce its fourth-quarter results on Monday 19 May. The company is expected to report mixed quarterly earnings.

According to experts, BEL could report a 4–6% year-on-year (YoY) rise in revenue to ₹8,600–₹8,950 crore, while its net profit could see a marginal rise of 1–4% YoY to ₹1,795–₹1,850 crore.

In its latest quarterly business report, released on 1 April, the company announced that it had achieved a provisional and unaudited turnover of around ₹23,000 crore in FY25, representing a 16% YoY increase. BEL secured orders worth ₹18,715 crore in the previous fiscal year. As of 1 April 2025, its total order book stands at ₹71,650 crore, including an export order book of $359 million.

During the quarterly results announcement, investors will keenly watch the company’s order book in light of recent order wins, management commentary on growth, and execution timelines for key projects. Final dividend payout for FY25 could also become a key highlights of Q4 earnings.

Ahead of the Q4 results announcement, Bharat Electronics shares has hit a 52-week high of ₹372.95 and are trading 2.2% higher on NSE on Monday, May 19. The company’s shares have risen over 15% so far this month and are up more than 24% in 2025, along with other defence stocks, amid the government’s push for indigenisation of defence manufacturing and the India-Pakistan conflict.

Technical View

The technical structure of the BEL remains bullish as the stock has surged over 42% since the April lows and closed at record high levels last week. It reclaimed its previous all-time high (₹340) on a closing basis, reinforcing strong bullish momentum and signaling continued buyer interest in the stock.

However, after a sharp run-up the stock may encounter profit-booking at higher levels. Long-term investors should monitor the price action of the stock around ₹340 and ₹320 zone. A retest of the breakout, supported by a bullish reversal pattern will provide further directional clues.

BELImage11.webp

Options outlook

As of 16 May, Bharat Electronics(BEL) May expiry at-the-money (ATM) strike is at 365, with both call and put options priced at ₹22. This indicates an expected price movement of ±6%, leaning up to the 29 May’s expiry. To make more informed trading decisions, let's look at BEL’s historical price behaviour during previous earnings announcements.
BELimage2.webp

Options strategy for Bharat Electronics

Given the implied move of ±6% from the options data, traders can initiate either a long or short volatility trade, taking into account the price movement. To trade based on volatility, a trader can take a Long or Short Straddle route.

Straddles are the options strategies that are primarily used on the basis of volatility. In simple terms, in a Long Straddle, a trader can buy an ATM call and a put option of the same strike and expiry of BEL, looking for a move of more than ±6% on either side.
On the other hand, the Short Straddle capitalises on the fall in volatility. In a Short Straddle, a trader sells both ATM call and a put option of the same strike and expiry. This strategy is deployed when the trader believes that the price of the BEL after the earnings announcement will be confined in a range of ±6%.
Meanwhile, traders seeking a more directional approach can look for directional spreads. Traders anticipating further bullish momentum on BEL after break of all-time high can consider a bull call spread strategy. On the flip side, traders who anticipate profit booking can consider a bear put spread strategy.
Disclaimer: Derivatives trading must be done only by traders who fully understand the risks associated with them and strictly apply risk mechanisms like stop-losses. The information is only for educational purposes. We do not recommend any particular stock, securities and strategies for trading. The stock names mentioned in this article are purely for showing how to do analysis. Take your own decision before investing.
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Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.

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