Budget 2021

Associate Partners:

  • SMC
  • Samsung
  • Volvo


Budget 2021

Associate Partners:

  • SMCSamsungVolvo
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Buy Bharat Electronics: target of Rs 152: Sharekhan

Sharekhan is bullish on Bharat Electronics has recommended buy rating on the stock with a target price of Rs 152 in its research report dated January 01, 2021.

January 14, 2021 / 08:51 PM IST
  • bselive
  • nselive
Todays L/H

Sharekhan's research report on Bharat Electronics

BEL is well positioned to benefit from rising defence expenditure supported by a strong manufacturing base, execution track record and continued focus on developing in-house R&D capabilities. Strong YTD order inflow, healthy order pipeline and order book offer sustainable revenue visibility. Management remains confident of double-digit revenue growth, margins of ~20% and order inflows of ~Rs 15000 crore for FY21E.


We retain a Buy rating on Bharat Electronics Limited (BEL) with a revised PT of Rs. 152 rolling forward our valuation multiple to FY2023E.

For all recommendations report, click here

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Broker Research
first published: Jan 6, 2021 12:26 pm

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