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Jefferies ups BEL target on defence patents, R&D spend, capex

Jefferies has maintained buy rating on the stock, given the operating leverage scope for BEL and the government‘s Make-in-India initiative in defense while indigenisation push slows down could be a risk.
BEL plans Rs 2,000-cr capex for next 3-4 years

SK Sharma, Chairman and Managing Director, said that there are good indications that the company will sustain the pace acquisitions in FY17.

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Sk Sharma

Jefferies ups BEL target on defence patents, R&D spend, capex

BEL plans Rs 2,000-cr capex for next 3-4 years