HDFC Securities think that investors could buy the stock at the CMP and add on declines to Rs74-76 band (11.5x FY18E EPS) for sequential targets based on 14x FY18E EPS and 15x FY18E EPS over 2-3 quarters.
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...
2016 was a good year for commodities and financial analysts globally project that 2017 will be even better. Raw materials in the metals market, agriculture and energy saw a 25% increase in 2016 as opposed to a 30% decline in 2015.
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.
According to Firstcall, at the current market price of Rs. 677.45, the stock P/E ratio is at 17.23 x FY17E and 15.23 x FY18E respectively. Price to Book Value of the stock is expected to be at 3.99 x and 3.59 X for FY17E and FY18E respectively.