Bharat Electronics' share sale looks attractive

Investors can buy up shares sold by govt as order book, core show, & net profit growth look strong

Ujjval Jauhari  |  Mumbai 

The government on Wednesday initiated its five per cent stake sale in Bharat Electronics Limited (BEL) to raise Rs 1,600 crore. The sale of 11.1 million shares is at a floor price of Rs 1,498 against closing price of Rs 1,560 on Tuesday. Institutional investors were given buying chance on Wednesday. Retail (small) investors can buy up on Thursday. The stock ended three per cent lower than previous close at Rs 1,510 on Wednesday. This stake sale is being looked at as a good opportunity for investors, given the strong prospects of the company. Not only is the order book strong but ...

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Bharat Electronics' share sale looks attractive

Investors can buy up shares sold by govt as order book, core show, & net profit growth look strong

Investors can buy up shares sold by govt as order book, core show, & net profit growth look strong The government on Wednesday initiated its five per cent stake sale in Bharat Electronics Limited (BEL) to raise Rs 1,600 crore. The sale of 11.1 million shares is at a floor price of Rs 1,498 against closing price of Rs 1,560 on Tuesday. Institutional investors were given buying chance on Wednesday. Retail (small) investors can buy up on Thursday. The stock ended three per cent lower than previous close at Rs 1,510 on Wednesday. This stake sale is being looked at as a good opportunity for investors, given the strong prospects of the company. Not only is the order book strong but ... image
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