Buy Bharat Electronics for target price of Rs 290 (24% gain): ICICI Direct

Discussion in 'Latest Brokerage Stock Buy-Sell Reports' started by Vidhi Khanna, Jun 13, 2022.

  1. Vidhi Khanna

    Vidhi Khanna Active Member Staff Member

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    BEL is a strong stock with a 55% YoY return. It has strong balance sheet & double digit returns ratios. Order book was at Rs 57570 Crore as of March 2022. Strong order pipeline in FY23-24E. RoCE: 26%. EBITDA margin: 21%. P/E: 24.3 Target Price is Rs 290

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