Go Ad-Free
    My Alerts
    Moneycontrol
    Moneycontrol PRO
    HomeNewsBusinessStocksBuy Bharat Electronics; target of Rs 204: ICICI Direct

    Buy Bharat Electronics; target of Rs 204: ICICI Direct

    ICICI Direct is bullish on Bharat Electronics has recommended buy rating on the stock with a target price of Rs 204 in its research report dated April 20, 2017.

    April 21, 2017 / 12:12 IST
       
       
      26 Aug, 2025 12:21
      Volume
      Todays L/H
      More

      ICICI Direct's report on Bharat Electronics

      Order inflows for Bharat Electronics (BEL) have moved to a new growth trajectory with FY17 order inflows at Rs 15000 crore (our estimate: Rs 12000 crore for the year). We believe it is likely to continue in FY18E and FY19E also. We estimate order inflows in the range of Rs 12000-15000 crore in FY18E, FY19E.

      Outlook

      We value the company at 26x P/E (21x earlier) on FY19E EPS of Rs 7.8 to arrive at a target price of Rs 204 per share. We upgrade the stock from HOLD to BUY.

      For all recommendations, 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.

      Read More Read More

      first published: Apr 21, 2017 12:12 pm

      Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

      Subscribe to Tech Newsletters

      • On Saturdays

        Find the best of Al News in one place, specially curated for you every weekend.

      • Daily-Weekdays

        Stay on top of the latest tech trends and biggest startup news.

      Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347