BEL Delivers Strong Q4
- 20th May 2025
Aaj Ka Bazaar
Wall Street concluded the day slightly higher on Monday, despite Moody’s downgrading the U.S. sovereign credit outlook. The downgrade was prompted by concerns over the government’s $36 trillion in outstanding debt and escalating interest costs. Early Tuesday morning, U.S. stock futures showed limited movement, with S&P 500 futures inching up by less than 0.1% and Nasdaq 100 futures dipping by 0.1%. In Asia, equities advanced for the first time in four sessions, buoyed by Wall Street’s gains that brought the S&P 500 closer to entering a bull market. A regional index climbed by 0.4%, supported by strong performances in Australia, Japan, and South Korea, reflecting a more optimistic global sentiment. Given these positive indicators, Indian benchmark indices, the Nifty 50 and Sensex, are anticipated to open higher, with Gift Nifty suggesting a premium of nearly 80 points. On a stock-specific note, Bharat Electronics Ltd (BEL) is expected to be in the spotlight after the company reported an 18% YoY growth in its Q4FY25 earnings and announced a final dividend for the financial year.
Markets Around Us
BSE Sensex – 82,049.44 (-0.14%)
Nifty 50 – 24,952.80 (0.03%)
Bank Nifty – 55,241.80 (-0.32%)
Dow Jones – 42,324.86 (-0.77%)
Nasdaq – 19,211.10 (0.52%)
FTSE – 8,684.56 (0.59%)
Nikkei 225 – 37,641.22 (-0.77%)
Hang Seng – 23,230.95 (-0.49%)
Sector: Defense
BEL Q4 Profit Up, Dividend Declared
Bharat Electronics (BEL) reported strong Q4 results with net profit rising 18.4% to ₹2,127 crore, compared to ₹1,797 crore last year. The company’s revenue grew 6.8% to ₹9,149.6 crore, supported by higher sales. Total income stood at ₹9,344.2 crore, and expenses slightly increased to ₹6,477 crore. BEL’s EBITDA saw a sharp 23.2% jump to ₹2,816 crore, with margins improving to 30.8% from 26.7% YoY, showing better operational efficiency. The company’s board has also recommended a final dividend of ₹0.90 per share for FY25, subject to shareholder approval. Despite the strong financials, BEL’s stock closed slightly lower at ₹363 on the NSE. As a Navratna defence PSU, BEL continues to deliver steady growth, making it a stock to watch for both seasoned investors and young traders looking for reliable long-term bets in the defence and electronics sector.
Why it Matters:
BEL’s strong Q4 performance highlights robust demand in India’s defence sector and its improving operational efficiency. The jump in profit and margins signals healthy fundamentals and future growth potential. For investors, the dividend and consistent earnings make it a stable and attractive stock in a volatile market.
NIFTY 50 GAINERS
TATASTEEL – 161.10 (2.24%)
COALINDIA – 409.35 (1.65%)
HINDALCO– 666.70 (1.27%)
NIFTY 50 LOSERS
HEROMOTOCO – 4350.30 (-1.08%)
EICHERMOT – 5471.50 (-1.06%)
SHRIRAMFIN – 672.00 (-0.86)
Sector : Capital Goods
Waaree Energies announced that it received board approval to acquire Kamath Transformers Private Ltd for Rs 293 crore. Kamath Transformers is engaged in the manufacturing of transformers. “This acquisition is done as part of its business expansion activity,” Waaree Energies said in an exchange filing. The board also approved the acquisition of Green New Delhi Forever Energy Private Limited by Waaree Forever Energies Private Limited, a wholly owned subsidiary of Waaree Energies. The deal will be executed at Rs 1 lakh per share with a face value of Rs 10 each, the filing added. Both acquisitions are expected to be completed in FY26 and will be fully funded through cash consideration.
Why it Matters:
These acquisitions mark Waaree Energies’ strategic entry into transformer manufacturing and green energy, expanding its clean energy portfolio. Fully funded by internal cash, the move reflects strong financial health and aggressive growth plans. It positions Waaree to become a more integrated player in India’s energy transition.
Around the World
Asian currencies and the US dollar remained mostly stable on Tuesday, with traders awaiting key updates. The Australian dollar fell slightly ahead of the Reserve Bank of Australia’s interest rate decision, where a 0.25% cut is expected due to cooling inflation and global trade tensions. Meanwhile, China’s central bank reduced its key lending rates to support growth, but the yuan remained flat as trade talks with the US remained uncertain. A crucial US vote on major tax cuts also kept markets cautious, especially after Moody’s downgraded the US credit rating due to its $36 trillion debt. The US dollar index stayed steady after recent minor declines. Most other Asian currencies, including the yen, rupee, and Singapore dollar, were little changed. However, the South Korean won saw a 0.5% gain. Overall, the forex market stayed quiet as traders waited for updates on interest rates, inflation, and global trade moves.
Option Traders Corner
Max Pain
Nifty 50 – 24900
Bank Nifty – 55000
Nifty 50 – 24975 (Pivot)
Support – 24,887, 24,828, 24,740
Resistance – 25,033, 25,121, 25,179
Bank Nifty – 55470 (Pivot)
Support – 55,246, 55,071, 54,847
Resistance – 55,645, 55,869, 56,044
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