Buy Bharat Electronics, target price Rs 203: ICICI Securities

ICICI Securities has buy call on Bharat Electronics with a target price of Rs 203.0. The current market price of Bharat Electronics Ltd. is Rs 171.15.

Bharat Electronics Ltd., incorporated in the year 1954, is a Large Cap company (having a market cap of Rs 124741.38 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-2022.



Financials
For the quarter ended 30-09-2023, the company reported a Consolidated Total Income of Rs 4146.12 Crore, up 12.88 % from last quarter Total Income of Rs 3673.17 Crore and up 2.74 % from last year same quarter Total Income of Rs 4035.38 Crore. Company reported net profit after tax of Rs 780.73 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 51.14 per cent stake in the company as of 30-Sep-2023, while FIIs owned 17.19 per cent, DIIs 24.18 per cent.