Bharat Electronics Stocks: Buy Bharat Electronics; Target price Rs 135: ICICI Direct | Techno Glob


ICICI Direct buys call on Bharat Electronics with a target price of Rs 135. The current market price of Bharat Electronics is Rs 109.05.

Established in 1954, Bharat Electronics Ltd. is a Large Cap company with a market cap of Rs 79932.43 crore in the Defense sector.

Bharat Electronics Ltd. Major product/revenue segments include electronic components and devices; selling services; other operating profit; Scrap and lease included in the year ending 31-Mar-2022.

Finance

For the quarter ended 30-09-2022, the company had a total revenue of Rs 4035.38 crore; The total revenue for the last quarter was Rs 3222.82 crore, an increase of 25.21%, and the total revenue for the same quarter last year was up 7.89% from Rs 3740.43 crore. The company reported a net profit after tax of Rs 614.83 crore in the last quarter.


Promoter/FII Holdings
Promoters hold 51.14 per cent stake in the company as on 30-Sept-2022, while FIIs hold 15.99 per cent; DIIs own 25.58 percent.

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