BSE Code: | NSE Code: | ISIN: | Sector:

NSE
174.30
Change Change %
2.00 1.16%

Updated:23 Oct, 2017, 15:58 PM IST

BSE
174.20
Change Change %
2.00 1.16%

Updated:23 Oct, 2017, 15:47 PM IST

Research Report Detail

Brokerage
Analyst
Report Date Call Price@Call Target Price
Stop Loss
Current Status Time Horizon
Prabhudas Lilladher
N/A
27-09-2017 Buy 177.60 214.00
N/A
Open Long (1Y)
27-09-2018

Prabhudas Lilladher maintains buy on Bharat Electronics

We believe BEL will be the prime beneficiary of government's focus on modernization of current fleet and procurement of new capital equipment. Increased focus on R&D, move towards being system integrator and increased focus on outsourcing are the steps in the right direction to increase long-term sustainability of business. We continue to believe BEL offers good investment opportunities to investors who want to invest in the Indian Defence sector with a long-term view. Strong cash generation, zero debt makes us remain positive on the stock. We are revising our target price upwards to Rs214.

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