BEL(Bharat Electronics Limited)
28.10.2022 - MS on BEL Maintain Overweight CMP 107.1 Target 124
22.09.2022 - Jefferies on BEL Maintain Buy CMP 109.45 Target 130
22.07.2022 - Jefferies on BEL Maintain Buy CMP 266.8 Target 310
22.07.2022 - CITI on BEL Maintain Buy CMP 266.8 Target 296
13.04.2022 - CITI on BEL Maintain Buy CMP 254.65 Target 291
CS ON BEL : 24.06.2021
* MAINTAIN NEUTRAL TARGET: 165
* Credit Suisse maintains NEUTRAL call on BEL, target at Rs 165/sh
* Strong Near-term Outlook
* Flattish Inflows & Modest Growth In Defence Budget Can Cap Long-term CAGR
* Revise Earnings Ests By 22 %/18% For FY22/23 On Execution & Profitability Outlook
* Dependence On Govt Remains High For Large Contracts
* Order Inflows Have Been Flattish For Last Six Years