Amisha Vora of Prabhudas Lilladher is of the view that investors should wait for Bharat Electronics to stabilize before buying for long term.
Vora told CNBC-TV18, "Since they have come out with very good results for Q4, I have not been able to see the break up in case there is anything extraordinary butotherwise topline and bottomline has been very good. So full year growth also has been good but what I am really little negatively surprised is the guidance that they have given for next year, which says that against current year's about 3,900 or 3,950 crore of turnover, they are looking at 1 billion next year, which now in current parlance is just about 4,200 crore."
She further added, "So probably we are talking about very nominal topline growth and bottomline growth. We have not been able to clarify this with management but in this kind of a guidance, I would not ask the investor to just hurry up to buy though on a longer-term basis, yes, this stock has potential to keep on showing 15%-18% bottomline growth for a good number of time and they have a reasonably good strong orderbook of 9,000 crore. Probably this stock also was down almost about Rs 70-80 or more. So I would like the investor to wait for a while and see how the stock is stabilizing, are there any clarifications emerging and then add for long-term."
