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    HomeNewsBusinessStocksBuy Bharat Electronics target of Rs 140: Sharekhan

    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 July 30, 2019.

    Broker Research
    July 31, 2019 / 16:17 IST
       
       
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      Sharekhan's research report on Bharat Electronics

      We expect revenue and earnings to clock CAGRs of 14.4% and 7.7% during FY2019-2021E. Robust order book of Rs. 51,715 crore, at 4.3x of FY2019 revenue provides strong earnings visibility. Q1 numbers are a mixed bag margins beat hopes, but revenue missed estimates. Standalone EBITDA and PAT increased by 12.1% and 13.9% y-o-y, respectively whereas revenue remained flat.

      Outlook

      We maintain our Buy rating on Bharat Electronics Limited (BEL) with a price target of Rs.140.

      For all recommendations report, click hereDisclaimer: 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.

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      Broker Research
      first published: Jul 31, 2019 04:17 pm

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