ICICI Securities Recommends Buying Bharat Electronics, Sets Rs 446 Target

ICICI Securities reports Bharat Electronics’ Q2FY27 revenue, EBITDA and PAT of INR 73.3bn, INR 20.4bn and INR 15.3bn, respectively, about 10–11% above its and consensus estimates. H1FY27 revenue grew 26%, versus company guidance of 15%+ for FY27.