Bharat Electronics' strong rally has more steam left

Clarification over missile orders and business from EVM sales to boost earnings

Hamsini Karthik  |  Mumbai 

Bharat Electronics Ltd's revenues not being dependent on economic vagaries positions BEL as a unique infrastructure-cum-defence play. Over a third of the market share in defence orders has also helped the BEL stock beat the S&P BSE Sensex convincingly (gains of 73 per cent in the last two years).  Despite the run-up, analysts expect more legs to the rally. Those at Edelweiss believe BEL is all set to surprise the Street as order execution picks up, given improved revenue visibility and better capability in systems integration. They also point out how BEL has transformed ...

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Bharat Electronics' strong rally has more steam left

Clarification over missile orders and business from EVM sales to boost earnings

Clarification over missile orders and business from EVM sales to boost earnings Bharat Electronics Ltd's revenues not being dependent on economic vagaries positions BEL as a unique infrastructure-cum-defence play. Over a third of the market share in defence orders has also helped the BEL stock beat the S&P BSE Sensex convincingly (gains of 73 per cent in the last two years).  Despite the run-up, analysts expect more legs to the rally. Those at Edelweiss believe BEL is all set to surprise the Street as order execution picks up, given improved revenue visibility and better capability in systems integration. They also point out how BEL has transformed ... image
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