Bharat Electronics Ltd
BEL

182.95

Open ()
Turnover (lac)
Prev. Close ()
Day's Vol.(shares)

182.75

Open ()
Turnover (lac)
Prev. Close ()
Day's Vol.(shares)

183.90

Open ()
Open Interest
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VWAP ()
Day's Vol
(shares)
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Sell
Reco. Price
Rs 171.00
We recommend SELL on the stock as the Government is encouraging private sector participation in defence manufacturing business. Further, increase in joint ventures between private and foreign players and de-licensing in defence business is a key concern. The stock is trading at a PE of 27.5x in FY17E. (Target Price- Rs 144)
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50 DMA (.)
161.18
100 DMA (.)
154.32
200 DMA (.)
140.27
Weekly Range (.)
177.20
184.50
Monthly Range (.)
153.05
184.50
52 Weeks Range (.)
108.20
184.50
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