BEL plunges 3.5% after Q1 results but Nomura, Nuvama, Motilal maintain ‘Buy’

BEL shares fell 3.5% after Q1 results due to margin drag and order-book concerns.

Brokerages Nomura, Nuvama, and Motilal maintained 'Buy' ratings on BEL, citing defence order hopes.

The targets set by these brokerages imply potential upside for BEL stock.