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BEL emerges as a defensive growth stock amid volatile markets
Analysts will be keeping a close eye on the order pipeline and execution timelines for key projects.
Strong earnings visibility and a robust order pipeline augur well for the company
Net Sales are expected to increase by 7.8 percent Y-o-Y (down 55.6 percent Q-o-Q) to Rs 3,783.8 crore, according to Motilal Oswal.
The company has a healthy order backlog of nearly Rs 76,000 crore, providing strong revenue visibility for the next three years.
Focus on localisation and import substitution along with strategic initiatives should support the company’s growth
Net Sales are expected to increase by 17 percent Y-o-Y (up 21 percent Q-o-Q) to Rs 4,833.3 crore, according to Prabhudas Lilladher.
Net profit is seen increasing merely three percent on year to Rs 442.4 crore in the June quarter.