BEL: Strong Breakout
Rounding Bottom breakout for which the targets and stoploss are mentioned in the chart.
Boiling down the results,BEL expects a strong double digit growth of 15-18% in the topline. This implies revenue would cross 15000 crore with an EPS of 12 and 25% ROCE.
Which when calculated implies a P/E of 12-14 which is considered a quite cheap valuation relative to its peers. Even if the business is valued at a P/E multiple of 20, the stock should trade at 260 which is in sync with the technical target.
#TradeTheTrend#FundamentalPick#TechnicalPick#DefenseThemeBased
Boiling down the results,BEL expects a strong double digit growth of 15-18% in the topline. This implies revenue would cross 15000 crore with an EPS of 12 and 25% ROCE.
Which when calculated implies a P/E of 12-14 which is considered a quite cheap valuation relative to its peers. Even if the business is valued at a P/E multiple of 20, the stock should trade at 260 which is in sync with the technical target.
#TradeTheTrend#FundamentalPick#TechnicalPick#DefenseThemeBased
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.