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    Bharat Electronics: Strong orders fire up the growth cannon

    Diversification and initiatives in the emerging segments are yielding positive results

    Jitendra Kumar Gupta
    May 25, 2023 / 12:56 PM IST
    Bharat Electronics: Strong orders fire up the growth cannon

    BEL

    PRO Only Highlights
    -      Quarterly performance largely backed by improved realisations
    -      Medium-term triggers China plus and protectionist measures for tyre industry
    -      Valuations not inexpensive; but improved medium-term outlook

    Highlights Improving execution supports higher revenue growth Margins improving with lower cost pressure and better mix Strong order book and expected large inflow to support visibility Stocks valued at 18 times fiscal 2025 estimated earnings Bharat Electronics has delivered strong growth aided by robust order inflows and improved execution. The company is eying a better performance in the current year with a guidance of about 17 percent revenue growth and better margins. The company expects to get orders worth Rs 20,000 crore in the...

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