Buy Bharat Electronics, target price Rs 143: Motilal Oswal Financial Services
Bharat Electronics with a target price of Rs 143. The current market price of Bharat Electronics is Rs 141.1.
Motilal Oswal Financial Services recommended to keep stop loss at Rs 134.
Bharat Electronics, incorporated in the year 1954, is a Large Cap company (having a market cap of Rs 102336.90 Crore) operating in Defence sector.
Bharat Electronics key Products/Revenue Segments include Electronic Components & Equipments, Sale of services, Other Operating Revenue, Scrap and Rent for the year ending 31-Mar-2022.
Financials For the quarter ended 30-06-2023, the company has reported a Consolidated Total Income of Rs 3673.17 Crore, down -43.88 % from last quarter Total Income of Rs 6545.28 Crore and up 13.97 % from last year same quarter Total Income of Rs 3222.82 Crore. Company has reported net profit after tax of Rs 528.60 Crore in latest quarter.
Investment Rationale
Base is gradually shifting higher and fresh consolidation breakout gives a good potential upside.
Promoter/FII Holdings Promoters held 51.14 per cent stake in the company as of 30-Jun-2023, while FIIs owned 17.35 per cent, DIIs 24.83 per cent.
