New Delhi, April 24 -- Defence PSU Bharat Electronics has emerged as a strong technical play, with an improving price structure and sustained buying interest, positioning the stock for further upside in the coming months, according to Bajaj Broking.

The defence stock has been on an uptrend in recent times, rising 7% in 1 month, 7% in 3 months, and 45% in 1 year.

However, it fell 2% to Rs.441.10 in intra-day deals today. The PSU stock hit its 52-week high of Rs.473.25 in March 2026 and its 52-week low of Rs.293.70 in April 2025.

The stock has given multibagger returns in the long term, soaring almost 950% in 5 years.

According to Bajaj Broking, the stock is currently trading in a structural uptrend, forming higher highs and higher lows...