BEL shares have slipped over 13 percent in the last three months. Jefferies has reaffirmed a ‘Buy’ rating with a target price of Rs 325. The stock closed 1.71 percent lower at Rs 272.25 on the NSE. BEL will need to secure around Rs 10,460 crore worth of orders in March-April 2025 to meet its Rs 25,000 crore fiscal year target. In Q3, the company’s net profit increased by 47.3 percent from last year to Rs 1,316 crore while revenue for the quarter stood at Rs 5,756 crore, which is a growth of 39 percent from the year-ago quarter. The new contracts span RF seekers, radar upgrades, vessel and air traffic management systems, electro-optic repair facilities, spares, and services. The company had previously won a Rs 577 crore order on March 6 for airborne electronic warfare systems, submarine communication solutions, Doppler weather radar, and train communication systems.