Add Bharat Electronics, target price Rs 350: ICICI Securities

ICICI Securities has add call on Bharat Electronics with a target price of Rs 350. The current market price of Bharat Electronics Ltd. is Rs 296.9.

Bharat Electronics Ltd., incorporated in the year 1954, is a Large Cap company (having a market cap of Rs 218525.84 Crore) operating in Defence sector.

Bharat Electronics Ltd. key Products/Revenue Segments include Electronic Components & Equipments, Sale of services, Other Operating Revenue, Scrap and Rent for the year ending 31-Mar-2024.



Financials
For the quarter ended 30-06-2024, the company reported a Consolidated Total Income of Rs 4447.15 Crore, down -49.40 % from last quarter Total Income of Rs 8789.51 Crore and up 21.07 % from last year same quarter Total Income of Rs 3673.17 Crore. Company reported net profit after tax of Rs 780.99 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 51.14 per cent stake in the company as of 30-Jun-2024, while FIIs owned 17.43 per cent, DIIs 20.59 per cent.