Company updateFinancial Express
Elara raises BEML target to Rs 3,040 on 56% upside
Positive+5
GreyOak summary
Brokerage Elara Capital raised its target price for BEML to Rs 3,040, implying a 56% upside from the closing price of Rs 1,953. The firm retained a 'Buy' rating citing a 42% revenue increase in Q2FY27 and a 31% sequential rise in the order book to Rs 21,400 crore. Management upgraded FY27 revenue growth guidance to 35% driven by rail and metro execution.
What it affects
- BEMLPositive +5
Brokerage raised target priceRolling sentiment Neutral +4
Source
Read the original at Financial ExpressMore BEML news
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