Economic TimesLean R·
Bharat Electronics shares gain 3% as Motilal raises target price after Q2; Elara Capital upgrades to Buy
Shares of state-owned defence company Bharat Electronics rose as much as 3% to day’s high of Rs 392 on the BSE on Wednesday after Motilal Oswal raised the target price while Elara Capital upgraded the stock rating to Buy from Accumulate.The upgrades come after the company’s analyst call on Tuesday, while the results were declared last week. Bharat Electronics reiterated its FY27 guidance, targeting 15% revenue growth, an EBITDA margin of 28% and order inflows of more than Rs 55,000 crore, inclu…
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