After the announcement of the Ministry of Defense, India Electronics’ scrips rose by 2.88% to Rs 260.7 on NSE. The stocks crossed a fraction of profit to trade 2.49% more at Rs 259.7 than a decline of 0.12% in benchmark Nifty 50.
In particular, stock has increased by 36.38% in the last 12 months. The total business volume so far was at an average of 0.6 times 30-day, while the relative power index was at 44.
Among the 27 analysts monitoring the company, 24 maintains a ‘buy’ rating, one recommends ‘hold,’ and ‘sell’ two suggestions, according to Bloomberg’s data. The price target of 12 -month analysts means 31.6%.
(Tagstotransite) Bharat Electronics Limited.
