Buy Bharat Electronics, target Rs 1325: Rakesh Bansal

Rakesh Bansal, VP- R K Global recommends a buy on Bharat Electronics with a target price of Rs 1325 and a strict stop loss placed at Rs 1245. The stock has slipped 7 per cent so far in the calendar year 2016. The stock is looking bullish on the charts.

Bharat Electronics is a high beta stock (1.10) and is trading well above its 50-day, 100-day and 200-day moving average of Rs 1199, Rs 1198 and Rs 1168, respectively, as per data collated by ETMarkets.com. The stock is trading with a P/E of 22.6 and P/B of 1.27.