Order book, pipeline offer medium-term revenue visibility
Bharti Airtel has been trading in the consolidation range for the last two months after retesting the major support zone around Rs 520 levels
The company said it has a healthy order book position of Rs 53,434 crore as on April 1, 2021
Navaratna defence PSU Bharat Electronics Limited has achieved a record turnover of about Rs 13,500 crore (Provisional & Unaudited) during 2020-21, against previous financial year's figure of Rs 12,608 crore in spite of the challenges posed by COVID19 pandemic & intense competition in business. BEL's order book as on April 1 this year is around Rs 53,000 crore, the Bengaluru-headquartered company said in a statement. In 2020-21, BEL said it secured orders worth Rs 15,000 crore. Some of the major orders acquired during the year are: ICU ventilators, software defined radios & communication equipment, various types of radars, sonars, torpedo decoy systems, electronic warfare systems, networking & encryption products, and smart city projects. BEL achieved export sales of around USD 50 million during 2020-21. Major products exported include coastal surveillance system, trans-receive (TR) modules, 'Bharati Radio', 'Identification of Friend or FoeInterrogator' ...
13,650 is the immediate support which, if breached, could result in some profit booking and drag the index towards 13,500-13,470
BEL, in its virtual analyst meet, highlighted that it expects double digit (10-15 per cent) topline growth over the medium-term
Dependent on defence capex, the company is also unlikely to be impacted by coronavirus-led disruption
Mid-caps continue with their strong up-trend and is anticipated to do so till the budget time
Close on HAL's heels is Bharat Electronics, with orders in hand worth Rs 56,300 crore
Derivative call by Nandish Shah, Technical Analyst, HDFC securities.
Weekly Technical Recommendations by Religare Broking Ltd
For FY20, the firm has generated orders worth Rs 9,000 crore. Achieving its full-year guidance of Rs 15,000 crore may now not be difficult, say analysts
Proven execution record and stable financials are its key positives
The 'Patang' drone is suited for varied applications; can fly several hours with help of a tethered power station and operate at 100-meter altitude
BEL Chairman & Managing Director presented a cheque for Rs. 644.2 million as a final dividend to Defence Minister Nirmala Sitharaman
The company also secured new orders valued at Rs 143.38 billion
BPCL, HPCL, MRPL, Bharat Infratel, Can Fin Homes, IRB Infrastructure, South Indian Bank and Timken India were among 22 stocks from S&P BSE 500 index that touched 52-week lows in intra-day trade today.
BEL received orders worth Rs 100 billion, down 42 per cent, in 2017-18 and lower than the estimates of Rs 160 billion
The stock was up 2% at Rs 178 on BSE after the state-owned company said that its board will consider the proposal for buyback of shares of the company on January 30, 2018
The stock hit a record high of Rs 193, up 10% on the BSE in intra-day trade, on back of heavy volumes.