Moneycontrol Be a Pro
Get App
Last Updated : Sep 17, 2019 12:13 PM IST | Source: Moneycontrol.com

Buy Bharat Electronics; target of Rs 140: Sharekhan

Sharekhan is bullish on Bharat Electronics has recommended buy rating on the stock with a target price of Rs 140 in its research report dated September 16, 2019.

Broker Research @moneycontrolcom
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Sharekhan's research report on Bharat Electronics


Bags Akash Missile System order worth Rs. 5,357 crore from MoD, GoI, to be delivered in three years. Cumulative order intake for FY2020 till date increases to Rs. 7,342 crore, but it is lower by around 50% against H1FY2019 (owing to LRSAM order intake of Rs. 9,200 crore in Q2FY2019). Robust order book of Rs. 51,715 crore, at 4.3x its FY2019 revenue provides healthy revenue visibility.


Outlook


We reiterate our Buy rating on Bharat Electronics Limited (BEL) with an unchanged PT of Rs. 140.


For all recommendations report, click here


Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.




The Great Diwali Discount!
Unlock 75% more savings this festive season. Get Moneycontrol Pro for a year for Rs 289 only.
Coupon code: DIWALI. Offer valid till 10th November, 2019 .
First Published on Sep 17, 2019 12:13 pm
Loading...
Sections
Follow us on
Available On
PCI DSS Compliant