BEL was established in 1954 in association with CSF, France (now, Thales), to meet the specialized electronic equipment requirements of the Indian Defence Services. BEL is an Indian state-owned aerospace and defense company with about nine factories and several regional offices in India. Fundamentally Strong stock, which has been creating Darvas box over the time and it had broken its previous box, which gives an opportunity on going long The company has reduced debt. The company is almost debt-free. The company has been maintaining a healthy dividend payout of 42.59% The company has high debtors of 169.76 days. Promoter holding has decreased over the last 3 years: -10.79%
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