Shares of Bharat Electronics surged in morning trade after brokerage firm BofAML maintained "Buy" with a price target of Rs109, implying a potential upside of 43% from the last regular trade, as per media reports.
The company in an interview with a news channel stated that it would maintain 12-15% revenue growth for next three years, while the operating margin could grow 17-19% for the next three years.
Bharat Electronics Ltd is currently trading up 11.83% at Rs85.05 from its previous close of Rs76.05 on the BSE.
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