Bharat Electronics looks good: Sharekhan

Bharat Electronics is looking good, says Hemang Jani of Sharekhan.

Jani told CNBC-TV18, "We think that there is going to be some kind of focus on the modernization of equipment and Bharat Electronics (BEL) has tied up with some of the global companies to get majority of this but particular pie of the orders. The company is cash rich. While looking at the latest balance sheet of the company we got to know that the company has a cash of about Rs 6500 crore in its books, which is almost Rs 815 per share, a zero debt company."
He further added, "We think that there is going to be a steady growth of about 15 to 20% in the topline and the margins are reasonable. Company is announcing numbers today. We think that the first quarterly numbers maybe slightly subdued at about 10-12% kind of growth but overall from a stability perspective the stock is looking good." Disclosure: It would be safe to presume that I personally and my company have interest in the above stock.