The latest news on Bharat Electronics share price comes from ICICI Securities, which has issued a Buy Call and a new Target Price for the company.
Bharat Electronics’ current market price is Rs 97.15 with a market capitalization of Rs 71014.50 Crore. Recently, ICICI Securities issued a Buy Call on the Bharat Electronics with a new Target Price of Rs 125.
Bharat Electronics Limited (BEL) is a leading Indian government-owned aerospace and defense company headquartered in Bangalore, India. Established in 1954, BEL is a Navratna PSU and operates in multiple domains, including defense communication, radar systems, electronic warfare systems, naval systems, C4I systems, homeland security, and smart city solutions.
BEL has nine manufacturing units and over 30 regional offices across India, and also has offices in the United States, Singapore, and Vietnam. The company has a diverse portfolio of products and services, ranging from advanced electronic systems to turnkey solutions for defense and civilian applications.
In the fourth quarter concluded on 31-12-2022, the distinguished firm has disclosed a Consolidated Total Income of Rs 4211.76 Crore, exhibiting an impressive increase of 4.37% from the preceding quarter’s Total Income of Rs 4035.38 Crore, and an even more substantial hike of 11.97% from the Total Income of Rs 3761.56 Crore reported in the corresponding quarter of the previous year. As per the latest financial statement, the enterprise has garnered a net profit after tax of Rs 603.01 Crore.
The following fields are related to Bharat Electronics stock price targets and analyst recommendations for all analysts or brokerage firms:
Target High Price- This field represents the highest price that an analyst or brokerage firm has set for a Bharat Electronics stock. It can be used to indicate potential upside for a stock.
Target Low Price- This field represents the lowest price that an analyst or brokerage firm has set for a Bharat Electronics stock. It can be used to indicate potential downside for a stock.
Target Mean Price- This field represents the average price that all analysts or brokerage firms covering a Bharat Electronics stock have set. It can be used to give an overall view of market sentiment towards a stock.
Target Median Price- This field represents the middle value of all the price targets set by analysts or brokerage firms covering a Bharat Electronics stock. It can be used to indicate the most common price target for a stock.
Recommendation Mean- This field represents the average recommendation for a Bharat Electronics stock from all analysts or brokerage firms covering it. It is often represented on a scale of 1 to 5, with 1 being a strong buy and 5 being a strong sell.