BofAML on Bharat Electronics Downgraded to ‘Underperform’ from ‘Buy’; cut price target to Rs 92 from Rs 136. Muted order inflow growth with no large orders in sight. Margins to compress due to rising imports and non-defense mix. Working capital to remain stretched; earnings growth trigger muted.
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Reputation: 13,324 • Nov 25, 2019 2:29 PM
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Cheer up, all is well :)