Buy Bharat Electronics, target price Rs 310: Motilal Oswal

Motilal Oswal has buy call on Bharat Electronics Ltd. with a target price of Rs 310. The current market price of Bharat Electronics Ltd. is Rs 258.85.
Bharat Electronics Ltd., incorporated in the year 1954, is a Large Cap company (having a market cap of Rs 189213.62 Crore) operating in Defence sector.

Bharat Electronics Ltd. key Products/Revenue Segments include Electronic Components & Equipments, Sale of services, Other Operating Revenue, Rent and Scrap for the year ending 31-Mar-2023.



Financials
For the quarter ended 31-03-2024, the company reported a Consolidated Total Income of Rs 8789.51 Crore, up 103.01 % from last quarter Total Income of Rs 4329.58 Crore and up 34.29 % from last year same quarter Total Income of Rs 6545.28 Crore. Company reported net profit after tax of Rs 1785.66 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 51.14 per cent stake in the company as of 31-Mar-2024, while FIIs owned 17.56 per cent, DIIs 22.63 per cent.