Bharat Electronics shares fall over 3% after Q1 results. Here's what Nomura, Motilal Oswal and other brokerages say

Bharat Electronics (BEL) shares fell over 3 percent after its Q1 FY27 results showed net profit declining nearly 52 percent sequentially from Rs 2,225 crore in Q4 FY26, though revenue rose about 25 percent YoY to Rs 5,546.98 crore. EPS stood at Rs 1.44 versus Rs 3.04 in the previous quarter, reflecting margin pressure despite a strong revenue beat. Brokerages remained largely constructive on long-term prospects, with Motilal Oswal reiterating Buy at a raised target of Rs 530, while Nomura stayed Neutral at Rs 454 and Dolat Capital and Elara Capital retained Buy and Accumulate ratings respectively.