29-November-2020
Corporate News
 
Analyst Corner: Maintain ‘hold’ on Bharat Electronics with TP of Rs 102
21-Nov-2020

Strategy to diversify revenue streams away from a constrained domestic defence budget was a key takeaway from Bharat Electronics’ (BEL) analyst meet. BEL does not mind additional capex to achieve the same (10-15% y-o-y capex growth from the likely Rs 5.5 billion in FY21). The idea, if properly executed, can allow BEL to maintain double-digit revenue growth in the foreseeable future; it also underlines the limited headroom the base business offers for continuation of growth, given scale. Maintain ‘hold’ with a revised target price of Rs 102.

News Source:- https://www.financialexpress.com/market/analyst-corner-maintain-hold-on-bharat-electronics-with-tp-of-rs-102/2133235/