• ELECTRONICS
    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 […]

  • ELECTRONICS
    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 […]

  • ELECTRONICS
    8 Bharat Electronics officials in soup over favouring companies

    The vigilance department of Bharat Electronics Limited (BEL), a defence public undertaking, has ordered blacklisting of a design consultant and action against eight of its own senior officials over irregularities in awarding contracts. BEL allegedly allocated a consultancy contract to RD Konsultants for a confidential defence project to a single company without following due process, […]

  • ELECTRONICS
    Bharat Electronics Q4 PAT may dip 20% YoY to Rs. 446.9 cr: Prabhudas Lilladher

    Prabhudas Lilladher has come out with its fourth quarter (January-March’ 19) earnings estimates for the Capital Goodssector. The brokerage house expects Bharat Electronics to report net profit at Rs. 446.9 crore down 20% year-on-year (down 12% quarter-on-quarter). Net Sales are expected to increase by 32.9 percent Q-o-Q) to Rs. 3,609.4 crore, according to Prabhudas Lilladher. Earnings before interest, tax, […]

  • ELECTRONICS
    Bharat Electronics Q4 PAT may dip 38.8% YoY to Rs. 342.1 cr: ICICI Direct

    ICICI Direct has come out with its fourth quarter (January-March’ 19) earnings estimates for the Capital Goods sector. The brokerage house expects Bharat Electronics to report net profit at Rs. 342.1 crore down 38.8% year-on-year (down 32.6% quarter-on-quarter). Net Sales are expected to increase by 6.5 percent Y-o-Y (up 41.5 percent Q-o-Q) to Rs. 3,843.1 crore, according to ICICI Direct. […]

  • ELECTRONICS
    Bharat Electronics Q3 PAT seen up 12.5% YoY to Rs. 340.7 cr: ICICI Direct

    ICICI Direct has come out with its third quarter (October-December’ 18) earnings estimates for the Capital Goods sector. The brokerage house expects Bharat Electronics to report net profit at Rs. 340.7 crore up 12.5% year-on-year (down 40.4% quarter-on-quarter). Net Sales are expected to increase by 13 percent Y-o-Y (down 16 percent Q-o-Q) to Rs. 2,839.3 crore, according to ICICI Direct. […]

  • ELECTRONICS
    Bharat Electronics, Vodafone Idea, Force Motors, IndiGo hit 52-week lows

    A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai (Photo: Reuters) Shares of Bharat Electronics (BEL), Vodafone Idea, Force Motors, Castrol India, InterGlobe Aviation (IndiGo) and Tata Communications have hit their respective 52-week lows on the BSE as the benchmark indices are trading lower for the sixth trading days. Besides BEL, total […]

  • ELECTRONICS
    Bharat Electronics corrects for 9th consecutive session, hits new 52-week low on Axis Capital downgrade

    State-owned defence company Bharat Electronics share price has been correcting for ninth consecutive session on Thursday amid government’s likely new pricing policy for defence orders which may limit margin. The stock corrected 23.7 percent in nine straight days to hit fresh 52-week low of Rs 89.70 despite positive management commentary on new pricing policy and after large […]

  • ELECTRONICS
    Micromax Bharat Go and Lava Z50 Android Go First Impressions

    Micromax Bharat Go and Lava Z50 Android Go will be released shortly in the Indian market HIGHLIGHTS Android Go is meant for low-end devices and focusses on performance Micromax Bharat Go and Lava Z50 will go on sale in India shortly Neither handset was very quick, but were good enough to be functional While the […]