Moneycontrol

Budget 2021

Associate Partners:

  • SMC
  • Samsung
  • Volvo

Moneycontrol

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
 
 
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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.


Outlook


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


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.

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

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