PL Capital picks 8 largecap stocks with upside potential of up to 41%. See full list
Bharat Electronics moved higher.
· Economic Times Markets, ET Stocks
Despite a cautious stance on the market outlook, PL Capital has pinpointed 8 largecap stocks poised for significant growth, with potential increases ranging from 13.4% to 41.3%. Among these, Bharat Electronics and GE Vernova T&D India stand out for their promising target prices surpassing current valuations.
The analysis
Bharat Electronics reported movement of 41%, 13.4% and 41.3%. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is -0.1% on the day at ₹379.65, and has returned -7.3% over three months. It sits 19% below its 52-week high. The defence & aerospace sector has moved +3.5% over the same period, so Bharat Electronics is running 10.8 points behind its peers.
For Bharat Electronics, the question is how much of this is already reflected in the price and how much re-rates the defence & aerospace peer set alongside it.
Market context
- The company directly in focus is BEL.
- Sector exposure: Defence & Aerospace, Capital Goods & Engineering, Capital Markets.
In this story
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