BEL: Strong Breakout

Rounding Bottom breakout for which the targets and stoploss are mentioned in the chart.
Boiling down the results,BEL expects a strong double digit growth of 15-18% in the topline. This implies revenue would cross 15000 crore with an EPS of 12 and 25% ROCE.
Which when calculated implies a P/E of 12-14 which is considered a quite cheap valuation relative to its peers. Even if the business is valued at a P/E multiple of 20, the stock should trade at 260 which is in sync with the technical target.


#TradeTheTrend#FundamentalPick#TechnicalPick#DefenseThemeBased