BHARAT ELECTRONICS (855) [BEL] is breaking out after a brief pause, next target can be 980-1000. Buy with SL of 815 on closing basis.
About Bharat Electronics:-
- Bharat Electronics Limited is a major supplier of products and turnkey systems to the Indian Defence Services. Over the years, BEL has diversified into manufacturing many civilian products as well. Large turnkey telecommunication solutions are also being offered to civilan market. Its products and services include: Defence Communication, Radars and Sonars, Telecomm, Broadcasting Equipments and studio systems, EVM (Electronic Voting Machines), Solar Products & Systems, Turnkey Systems.
- Exports play a key role in BEL's strategic perspective. The ranges of products and services exported have been increasing over the years. A number of international companies are using the facilities at BEL for contract manufacturing.
- The company is the major producer of EVMs for India and with Election Commission indicating to use more automatic machines this time, BEL stands to benefit.