Buy Bharat Electronics Ltd for a target of Rs 1,546: D K Aggarwal

D K Aggarwal, Chairman and MD, SMC Investments and Advisors Ltd, says healthy order book and orders in the pipeline, capacity enhancements and the creation of new test facilities will help BEL

The government's greater emphasis on 'Make in India' initiative in Defence sector provides a great opportunity for Bharat Electronics Ltd to enhance its indigenisation efforts and to address the opportunities in Indian Defence sector.

Healthy order book and orders in the pipeline, capacity enhancements and the creation of new test facilities will help the company in achieving the targeted growth and would also continue to drive the growth in the coming 4 to 5 years.