BHEL vs BEL vs Data Patterns vs HAL: Why Jefferies sees up to 34% upside in 3 stocks but rates one Underperform?
- Posted on August 19, 2026
- By Financial Express
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- 1 min read
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BHEL vs BEL vs Data Patterns vs HAL: Why Jefferies sees up to 34% upside in 3 stocks but rates one Underperform?
Jefferies has taken sharply different calls on four India-linked capex stocks, backing HAL, BEL and Data Patterns while rating BHEL Underperform. The brokerage points to strong defence order-book visibility, rising indigenisation and execution-led earnings growth as key supports for its preferred defence stocks.
