Bharat Electronics occupies an important space as it has a momentum of capabilities in electronics and is being entrusted with many new initiatives. Its growth has picked up massively in the recent years. Like most PSUs, it has conservatively preserv...
Balkrishna Industries Ltd reported strong December quarter with PAT & EBDITA rising in double digits at 94% & 77% respectively YOY. PAT stood at Rs. 1857 Mn against Rs.956 Mn corresponding period previous year.
Mr. Nooresh Merani is analysing the technical charts of a few large cap stocks he has on his radar. They include ITC, State Bank of India (SBI), Reliance Industries, HDFC Ltd, Larsen & Toubro (L&T), and ICICI Bank.
India now has an inflation targeting central bank and a monetary policy committee. The first three monetary policy committee meetings have taken place. The first meeting cut the de jure policy rate, and the next two meetings chose to hold.
According to CD Equisearch, the stock presently trades at 30.1x FY17e EPS of Rs. 25.64 and 27.1x FY18e EPS of Rs. 28.44. They are revising their rating to 'Hold' with a target based on 25x FY18e earnings within a period of 6-9 months.