BEL shares surged today to ATH. What InvestingPro+ suggests?

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BEL shares surged today to ATH. What InvestingPro+ suggests?
Credit: © Reuters.

Bharat Electronics (NS: BAJE ) shares hit All-time highs today to Rs 160 on the news that it received defence orders worth Rs 3915 crore. On a fundamental basis, the company has the following strengths, according to InvestingPro+.

  1. Yields high return on invested capital
  2. Holds more cash than debt on its balance sheet
  3. Consistently increasing earnings per share
  4. Has raised its dividend for 3 consecutive years
  5. Impressive gross profit margins
  6. High return over the last year
  7. Strong return over the last month
  8. Analysts predict the company will be profitable this year

The only negative pointed out by InvestingPro+ for BEL is:

  1. Trading at a high P/E ratio relative to near-term earnings growth


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