BEL Q2 EBITDA Beats Estimates
Bharat Electronics reported September-quarter EBITDA growth, beating Nomura and Bloomberg consensus estimates. Nomura maintained its Buy rating and sees Rs 70–75 billion in corvette orders in Q3.
Bharat Electronics (BEL) reported a strong operating performance in the September quarter, with EBITDA rising 20 percent year-on-year and beating Nomura's and Bloomberg consensus estimates by 11 percent and 14 percent, respectively. The brokerage has maintained its 'Buy' rating on the stock with an…