Buy Bharat Electronics, target Rs 116: Kunal Bothra

GettyImages-800473410Independent analyst Kunal Bothra has a buy call on Bharat Electronics with a target price of Rs 116. The current market price of Bharat Electronics is Rs 110.55. Time period given by analyst is Intra Day when Bharat Electronics price can reach the defined target. Kunal Bothra recommended to keep the stop loss at Rs 107. Bharat Electronics , incorporated in the year 1954, is a Large Cap company (having a market cap of Rs 26936.53 crore) operating in Electronics sector.

Bharat Electronics key Products/Revenue Segments include Electronic Components & Equipments which contributed Rs 9073.67 crore to Sales Value (87.24 per cent of Total Sales), Sale of services which contributed Rs 1011.17 crore to Sales Value (9.72 per cent of Total Sales), Other Operating Revenue which contributed Rs 302.44 crore to Sales Value (2.90 per cent of Total Sales), Scrap which contributed Rs 6.93 crore to Sales Value (0.06 per cent of Total Sales) and Rent which contributed Rs 6.40 crore to Sales Value (0.06 per cent of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 31-03-2019, the company has reported a Standalone sales of Rs 3772.60 crore, up 42.02 per cent from last quarter Sales of Rs 2656.38 crore and up 10.05 per cent from last year same quarter Sales of Rs 3427.97 crore Company has reported net profit after tax of Rs 668.62 crore in latest quarter. The company’s top management includes Dr.Bhaskar Ramamurthi, Dr.R K Shevgaonkar, Mr.K M Shivakumaran, Mr.Koshy Alexander, Mr.M V Gowtama, Mr.Mukka Harish Babu, Mr.Nataraj Krishnappa, Mr.Sharad Sanghi, Mr.Surendra Singh Sirohi, Mr.V Mahesh, Mr.Vijay Shankar Madan, Mr.Vinay Kumar Katyal, Mrs.Anandi Ramalingam, Mrs.Usha Mathur and Ms.J Manjula.


About the author

Related Post