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About Bharat Electronics Limited (BEL)
Bharat Electronics Limited (BEL) is an Indian state-owned aerospace and defense company with approximately nine factories and a few regional offices in India.
BEL belongs to the Indian government and mainly manufactures advanced electronic products for the Indian armed forces. BEL is one of the nine PSUs of the Ministry of Defense of India. The Government of India granted it Navratna status. As On 1st April 2016, BEL's backlog was estimated at Rs.300 billion.Visit BEL official site for detail
Quick View;
MARKET CAP : Rs.33,827.18 Crore
P/E : 22.97
BOOK VALUE : Rs. 390.27
Dividend (%) : 170.00%
INDUSTRY P/E : 24.44
EPS (TTM) : 65.93
PRICE/BOOK : 3.88
DIV YIELD (%) : 1.12%
FACE VALUE : Rs. 10.00
*Based on data available on moneycontrol on 12/12/2016 at 18:05 Hrs
Read also; Top10 Stocks to invest having Strong fundamentals
IIFL View on Bharat Electronics Limited - BUY
CMP: Rs 1486, 6 to 9 months Target: Rs 1860 Upside: 27%
According to IIFL, Bharat Electronics Limited (BEL) follows a typical pattern, and the current structure does not appear to be any different. The stock was stabbed in the congestion area Rs 400 points for the last 22 months. In January 2016, BEL tried to exceed the upper limit, but failed to do so. This brought the stock back to its lower range of Rs 1000. But since then, BEL has shown tremendous strength and moved higher.
Technical view; "Rectangle continuation pattern breakout"
IIFL expects Bharat Electronics Limited (BEL) to resume its journey to the north and moves higher against its potential target of Rs 1860 and transferred to a 27.5% increase. The entire break would be left empty if BEL cracks below Rs 1260 at the closing base.
See What other says about BEL Price Target and Business prospect;
- Hold Bharat Electronics; target of Rs 1290: Axis Direct
- Buy Bharat Electronics; target of Rs 1560: ICICI Direct
- Buy Bharat Electronics; target of Rs 1550: Edelweiss
Shares of BEL closed at 1486 up by 1.89% at NSE on 08/12/2016. The stock opened today at 1,487.30, made intraday High of 1,505.50 while its day low was 1,462.05. BEL is having market cap of 329.98B and trading at P/E ratio of 78.53. It has a nice Dividend yield of 1.14%.
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