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    Buy Bharat Electronics, price target Rs 115: Kunal Bothra

    Synopsis

    The analyst suggested a stoploss at Rs 102.

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    Bharat Electronics Ltd., incorporated in the year 1954, is a Large Cap company (having a market cap of Rs 25718.24 Crore) operating in Defence sector.

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    Kunal Bothra has a buy call on Bharat Electronics Ltd. with a target price of Rs 115.0 . The current price of Bharat Electronics Ltd. is Rs 107.2 . Kunal Bothra recommended to keep a stoploss at Rs 102 .

    Bharat Electronics Ltd., incorporated in the year 1954, is a Large Cap company (having a market cap of Rs 25718.24 Crore) operating in Defence sector.

    Bharat Electronics Ltd. key Products/Revenue Segments include Electronic Components & Equipments which contributed Rs 10565.69 Crore to Sales Value (87.43 % of Total Sales), Sale of services which contributed Rs 1223.53 Crore to Sales Value (10.12 % of Total Sales), Other Operating Revenue which contributed Rs 284.13 Crore to Sales Value (2.35 % of Total Sales), Rent which contributed Rs 6.27 Crore to Sales Value (0.05 % of Total Sales) and Scrap which contributed Rs 4.98 Crore to Sales Value (0.04 % of Total Sales)for the year ending 31-Mar-2019.

    For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 2663.57 Crore, up 29.19 % from last quarter Sales of Rs 2061.72 Crore and down -19.08 % from last year same quarter Sales of Rs 3291.53 Crore Company has reported net profit after tax of Rs 335.19 Crore in latest quarter.

    The company’s top management includes Dr.Amit Sahai, Dr.Vijay Shankar Madan, Mr.K M Shivakumaran, Mr.Koshy Alexander, Mr.M V Gowtama, Mr.Mukka Harish Babu, Mr.Sunil Kumar Kohli, Mr.Surendra Singh Sirohi, Mr.V Mahesh, Mr.Vinay Kumar Katyal, Mrs.Anandi Ramalingam, Mrs.Shikha Gupta, Ms.J Manjula. Company has Suri & Co. as its auditoRs As on 30-09-2019, the company has a total of 2,436,592,943 shares outstanding.
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