Archives
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ELECTRONICS 
November 30, 2019 Air Marshal R K S Shera visits Bharat Electronics Bangalore units
Air Marshal R K S Shera, Air Officer Commanding in Chief, Maintenance Command, visited the Bharat Electronics’ Bangalore Complex. Air Marshal visited the Electronic Warfare and Avionics (EW&A) and Missile Systems Strategic Business Units of BEL. BEL’s Director -Bangalore Complex, Vinay Kumar Katyal, briefed the Air Marshal about various strategic initiatives undertaken by BEL into […]
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ELECTRONICS 
November 11, 2019 Stock corner: ‘Hold’ Bharat Electronics, an overall miss for company in the quarter
Maintain Hold with an unchanged TP of Rs. 125 as we roll over the valuation to March 2021. Sedate execution in the defence segment (up ~10% y-o-y versus our forecast of 30%) led to an overall miss for Bharat Electronics (BHE). Key highlights: (i) Defence revenue grew 10% y-o-y, adjusting for Rs. 12.6-bn EVM/VVPAT execution […]
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ELECTRONICS 
November 10, 2019 Citigroup maintains buy on Bharat Electronics, cuts target price
Citigroup has cut target price on Bharat Electronics in the long term while maintaining a buy rating. he stock ended down 5.8% at Rs 112.50 on Tuesday while the BSE Sensex closed 53.73 points down at 40,248.23. Company Financials For the quarter ended 30-09-2019, the company has reported consolidated sales of Rs 2663.57 crore, up 29.19% from last […]
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ELECTRONICS 
November 6, 2019 Buy Bharat Electronics, target Rs 116: Kunal Bothra
Independent Analyst Kunal Bothra Ihas a buy call on Bharat Electronics Ltd.NSE -2.84 % with a target price of Rs 116. The current market price of Bharat Electronics Ltd. is Rs 112.5. Time period given by the analyst is Intra Day when Bharat Electronics Ltd. price can reach the defined target. Kunal Bothra recommended to keep stoploss at Rs […]
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ELECTRONICS 
October 21, 2019 Bharat Electronics signs MoU with TEL for ammunition business
Bharat Electronics Limited (BEL), has signed a memorandum of understanding (MoU) with Tamil Nadu Industrial Explosives Limited (TEL), a Tamil Nadu government undertaking, for co-operation in the explosives segment.. The MoU was signed by Anandi Ramalingam, Director-Marketing, BEL, and C Kamaraj, CMD, TEL, recently, in the presence of Edappadi K Palaniswami, Chief Minister of Tamil […]
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ELECTRONICS 
October 11, 2019 Bharat Electronics Q2 PAT seen up 1.3% YoY to Rs. 578.5 cr: ICICI Direct
ICICI Direct has come out with its second quarter (July-September’ 19) earnings estimates for the Capital Goods & Power sector. The brokerage house expects Bharat Electronics to report net profit at Rs. 578.5 crore up 1.3% year-on-year (up 182.6% quarter-on-quarter). Net Sales are expected to increase by 5.7 percent Y-o-Y (up 70.1 percent Q-o-Q) to Rs. 3,573.9 crore, according to […]
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ELECTRONICS 
September 17, 2019 Buy Bharat Electronics; target of Rs 140: Sharekhan
Bags Akash Missile System order worth Rs. 5,357 crore from MoD, GoI, to be delivered in three years. Cumulative order intake for FY2020 till date increases to Rs. 7,342 crore, but it is lower by around 50% against H1FY2019 (owing to LRSAM order intake of Rs. 9,200 crore in Q2FY2019). Robust order book of Rs. […]
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ELECTRONICS 
August 10, 2019 Bharat Electronics Limited 2019 Recruitment: Vacancy for Contract Engineer Post
Bharat Electronics Limited (BEL) has released its official notification for the recruitment of Contract Engineer posts. Through this recruitment process, BEL will fill 05 vacancies on a Contract basis for one year for its Kotdwara Unit, Uttarakhand. Important Date: Name of the Event Date Application started on 7th August 2019 Application Ends on 28th August 2019 Eligibility […]
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ELECTRONICS 
July 21, 2019 Bharat Electronics Q1 PAT seen up 27.5% YoY to Rs. 229.1 cr: Kotak
Kotak has come out with its first quarter (April-June’ 19) earnings estimates for the Capital Goodssector. The brokerage house expects Bharat Electronics to report net profit at Rs. 229.1 crore, up 27.5% year-on-year (down 65.7% quarter-on-quarter). Net Sales are expected to increase by 13.5 percent Y-o-Y (down 38.6 percent Q-o-Q) to Rs. 2,385.9 crore, according to Kotak. Earnings before […]
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ELECTRONICS 
June 28, 2019 Buy Bharat Electronics; target of Rs 135: ICICI Direct
Bharat Electronics reported yet another stellar quarter, continuing its legacy of guiding lower and delivering higher. For the quarter, the company reported revenues of Rs 3885 crore, up 7.7% YoY. EBITDA grew 16.7% YoY. EBITDA margins came in strong at 23.9% vs. 22.1% YoY due to gross margin expansion of 630 bps YoY. Higher gross […]
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ELECTRONICS 
June 22, 2019 Buy Bharat Electronics, target Rs 116: Kunal Bothra
Independent 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 […]
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ELECTRONICS 
June 21, 2019 Market Headstart: Nifty likely to open flat; Bharat Electronics, KSB top buys
The Nifty50 is likely to open flat on Friday following a mixed trend seen in other Asian markets. Investors across the globe got nervous on growing worries about Middle East tensions, after Iran shot down a U.S. military drone, raising fears of a military confrontation between Tehran and Washington. The S&P 500 hit a record […]
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