Getty ImagesKotak Securities has buy call on Bharat Electronics with a target price of Rs 125. The current market price of Bharat Electronics Ltd. is Rs 120.05.
Bharat Electronics Ltd., incorporated in the year 1954, is a Large Cap company (having a market cap of Rs 29531.51 Crore) operating in Defence sector.
Financials
For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 3168.36 Crore, up 93.02 % from last quarter Sales of Rs 1641.46 Crore and up 18.95 % from last year same quarter Sales of Rs 2663.57 Crore Company reported net profit after tax of Rs 395.96 Crore in latest quarter.
Investment Rationale
Higher high higher bottom patterns coupled with rise in volume suggest an upward move in the near term.
Promoter/FII Holdings
Promoters held 51.1 per cent stake in the company as of Sept 30, 2020, while FIIs held 9.6 per cent, DIIs 31.6 per cent and public and others 7.7 per cent.
Bharat Electronics Ltd., incorporated in the year 1954, is a Large Cap company (having a market cap of Rs 29531.51 Crore) operating in Defence sector.
Financials
For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 3168.36 Crore, up 93.02 % from last quarter Sales of Rs 1641.46 Crore and up 18.95 % from last year same quarter Sales of Rs 2663.57 Crore Company reported net profit after tax of Rs 395.96 Crore in latest quarter.
Investment Rationale
Higher high higher bottom patterns coupled with rise in volume suggest an upward move in the near term.
Promoter/FII Holdings
Promoters held 51.1 per cent stake in the company as of Sept 30, 2020, while FIIs held 9.6 per cent, DIIs 31.6 per cent and public and others 7.7 per cent.
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