Pradip Halder, Founder and CEO at PHD Capital, recently offered his expert insights on the trading strategies for three prominent Indian stocks: Bharat Electronics Ltd. (BEL), Coal India Ltd., and Delhivery Ltd. His analysis, shared on Friday, May 8, 2026, provides key recommendations for investors navigating these counters.
Bharat Electronics Ltd. (BEL): Strong Fundamentals Support Holding Position
Responding to a viewer query, Halder highlighted BEL as a significant player with a market capitalization of Rs 3.21 lakh crore. He praised the defence public sector undertaking (PSU) for its consistent dividend history, robust Return on Equity (RoE) of approximately 26% over the last three years, and healthy profit growth of 23% in recent years. Furthermore, BEL operates almost debt-free, indicating strong fundamental health.
Halder, who maintains a positive outlook on the defence sector, initiated coverage on BEL when its stock was around Rs 280, noting its current trading level at Rs 440. He anticipates potential upside, projecting targets of Rs 480, followed by Rs 525. For current holders, his advice is to stay put on the counter.
Delhivery Ltd.: Fresh Entry Contingent on Key Breakout
Addressing a query about Delhivery shares, Halder observed a technical 'double bottom' formation on its chart. After a period of profit booking that saw the stock dip to Rs 440, it has shown signs of 'higher highs' on the weekly chart in its last two instances.
He pointed out that Delhivery has faced selling pressure around Rs 490 in September last year, and the scrip tested the Rs 487 level recently. Halder identified significant resistance in the Rs 490-495 range. For new investors, he strongly recommends waiting for a definitive breakout above the Rs 500 level on a weekly closing basis, as this would signal the emergence of a real upward trend. Should this breakout occur, he foresees potential targets around Rs 550 and even Rs 640.
Coal India Ltd.: Limited Short-Term Upside After Recent Rally
Regarding Coal India, Halder expressed a cautious outlook for the immediate one-month horizon, seeing no clear short-term trend. He recalled that the stock previously faced resistance at Rs 390 before breaching it to reach Rs 440 and even hitting Rs 478, after which profit booking ensued.
While acknowledging the positive sentiment generated by Prime Minister Modi's mention of the Bridge Linkage Policy in December 2025, Halder believes the stock has already absorbed a significant uptick from this news. He suggests that while levels of Rs 525-550 are a possibility, investors should allow the stock two to three quarters to achieve such targets. In the extreme short term, following a substantial 20-25% rally, he does not foresee any steep upward movement.