Sell Bharat Electronics

Sell Bharat Electronics

Bharat Electronics Ltd is engaged in manufacture and supply of strategic electronic products primarily to Defense Services. The company exported a range of products and sub-assemblies exported includes LYNX II, radar warning receivers, composite communication system, night vision devices, versatile communication system (VCS), IFF Interrogator, LRF, X-Ray tube, radar finger printing system, ESM system, V/ultra high frequency (UHF) search receivers, shelters, printed circuit board (PCB) assembly, cable harness, components and mechanical assemblies.

Sales of Bharat Electronics increased from Rs.6103 cr to Rs. 6275 cr, a growth of only 2.81%.

PAT increased from Rs.889cr to 931cr a growth of 4.72%.

Eps increased from 111.23 to 116.45 as on march 2014.

Currently the stock is trading at 20.59 PE, whereas the industry PE is 22.48.

Technically stock has gone down & trend shows it can go down further. We are expecting stock to fall for sometime & stock price can reach 2350.

Chart taken from moneycontrol