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Bharat Electronics: Phase of earnings decline may be a thing of the past

Dependent on defence capex, the company is also unlikely to be impacted by coronavirus-led disruption

Topics
Bharat Electronics | BEL | Indian Army

Ujjval Jauhari 



shares, markets, results
Analysts now expect execution to pick up from the current quarter and believe that the phase of earnings decline is largely behind.

(BEL), which is down 40 per cent from its November highs, fell on Wednesday to levels last seen in December 2014. While the broader markets have trended down too, has underperformed significantly on the back of weak execution-led performance and worries of an earnings miss in FY20. The government’s stake-sale overhang too had kept Street concerns elevated.

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First Published: Thu, March 05 2020. 20:36 IST

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