BUZZ — India's Bharat Electronics revenue outlook still strong despite sluggish start, says Macquarie
* Macquarie (maintains "outperform" rating with street-high PT of 550 rupees) says Bharat Electronics received new orders worth $6.5 billion since August 26 * Order includes communication equipment, thermal imagers, AI-based software and cybersecurity solutions among others * On a FY27 YTD basis, order inflow down 50% to 68 billion rupees ($710.11 million) due to timing, Macquarie adds * However, brokerage maintains its year-end order target of 550 billion rupees as 723 billion rupee backlog at Q1-end provides "strong revenue visibility" * On day, BAJE up 0.7% at around 398 rupees * YTD, BAJE down 1% ($1 = 95.7600 Indian rupees) (Reporting by Aishwarya Jain in Bengaluru) ((mailto:Aishwarya.Jain@thomsonreuters.com;)
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