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ICICI Direct has buy call on Bharat Electronics with a target price of Rs 143. The current market price of Bharat Electronics Ltd. is Rs 138.95.
Bharat Electronics Ltd., incorporated in the year 1954, is a Large Cap company (having a market cap of Rs 33868.64 Crore) operating in Defence sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 2343.90 Crore, down -27.27 % from last quarter Total Income of Rs 3222.70 Crore and up 1.40 % from last year same quarter Total Income of Rs 2311.47 Crore. Company reported net profit after tax of Rs 270.12 Crore in latest quarter.
Investment Rationale
Bullish Engulfing candlestick at 20 day SMA & RSI in buy mode
Promoter/FII Holdings
Promoters held 51.1 per cent stake in the company as of Dec 30, 2020, while FIIs held 10.3 per cent, DIIs 31.3 per cent and public and other 7.3 per cent.
Bharat Electronics Ltd., incorporated in the year 1954, is a Large Cap company (having a market cap of Rs 33868.64 Crore) operating in Defence sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 2343.90 Crore, down -27.27 % from last quarter Total Income of Rs 3222.70 Crore and up 1.40 % from last year same quarter Total Income of Rs 2311.47 Crore. Company reported net profit after tax of Rs 270.12 Crore in latest quarter.
Investment Rationale
Bullish Engulfing candlestick at 20 day SMA & RSI in buy mode
Promoter/FII Holdings
Promoters held 51.1 per cent stake in the company as of Dec 30, 2020, while FIIs held 10.3 per cent, DIIs 31.3 per cent and public and other 7.3 per cent.
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