BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Closed|| Long (1Y)
Prabhudas Lilladher maintains buy on Bharat Electronics
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.