Bharat Electronics Ltd
BEL

1,508.00

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

1,507.95

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

1,519.75

Open ()
Open Interest
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VWAP ()
Day's Vol
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Sell
Reco. Price
Rs 1510.00
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 26x in FY17E. (Target Price- Rs 1,344)
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50 DMA (.)
1,485.86
100 DMA (.)
1,408.05
200 DMA (.)
1,315.60
Weekly Range (.)
1,500.55
1,570.00
Monthly Range (.)
1,500.55
1,625.00
52 Weeks Range (.)
1,008.00
1,625.00
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