ICICI Direct Suggests PSU Stock To Buy That Jumped 311% In 3 Years, TP Rs 130

ICICI Direct has recommended investors to buy PSU Navratna stock, Bharat Electronics Ltd with target price of Rs 130.00 apiece. Current market price of BEL is Rs 95.80 apiece. If you buy Bharat Electronics share now at current market price, you can get potential return of 37%. The stock gave return of 119% in last 2-years and 31% in last 1-year. Check details below:

Bharat Electronics Stock Performance: The last trading price of the stock is Rs 95.80 with intraday dip of 0.89%. Its 52-week high price is Rs 115.00 apiece and 52-week low price is Rs 71.86 apiece, respectively. It has a market capitalisation of Rs 70,027.68 crore.

Bharat Electronics Return & Financial Outlook: The stock gave return of over 3% in last 2-weeks, declined 6% in last 6-months, gave return of 31% in last 1-year, 119% in last 2-years, and a huge 311% in last 3-years. In last 5-years, it rallied 98%.
The company for the quarter ended December 31, 2022 declared its consolidated total income at Rs 4211.76 crore, up 4.37% from previous quarter total income of Rs 4035.38 crore. It declared net profit after tax at Rs 603.01 crore in latest quarter.

Bharat Electronics About: Bharat Electronics Limited (BEL) was set up at Bangalore by the Government of India under the Ministry of Defence in 1954 to meet the specialised electronic needs of the Indian defence services. Gradually, the PSU company has grown into a leading multi-product, multi-technology, multi-unit company meeting the requirements of customers in vast fields in India and abroad.

Disclaimer: The stock has been picked from the brokerage report of ICICI Direct. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.