Bharat Electronics Limited is engaged in design, manufacture and supply of electronics products/systems for the defense requirements, as well as for nondefense markets. The Company's principal products/services include weapon systems, radar and fire control systems, and communication. Its defense products include defense communication; radars; naval systems; command, control, communications, computers, and intelligence systems; weapon systems; telecom and broadcast systems; electronic warfare; electro optics, and solar photovoltaic systems.
Its non defense products include turnkey system solutions; civilian radars; e-governance systems, and homeland security. Its other range of products include electronic voting machines, communication equipment, radar warning receiver and casings. It offers electronic manufacturing services in areas of printed circuit board assembly and testing; precision machining and fabrication; opto electronics components and assemblies, and offsets, among others.
The company has made stock split from a face value of INR 10 to Re.1 during the year.
The scrip has touched a low of 155 and a high of 189. The delivery volumes have increased indicating increased interest by investors. Large deals indicates fund buying at lower levels.
During the last 1 year the scrip has given following returns
12 months - 28%
6 months - 8%
3 months - 3%
1 month - minus 5%
1 week - minus 3%
Stock has traded higher than 5 day, 100 day and 200 day moving average but lower than 20 day and 50 day moving average. This indicates the scrip has consolidated at lower levels and is ripe for moving upwards.
Buy and add to your long term portfolio. In the short term 201 will be a good resistance point. Buy for a target price of 225 in next 2 months and 400 for 18 months holding in view of the quarter on quarter improvement in financials
Equty Research Analyst
No.24 Pattamal Plaza
3rd Cross Kammanahalli
Mail - firstname.lastname@example.org
Missed Call / SMS- 90083-77660