Motilal Oswal has initiated coverage on Bharat Dynamics with a ‘neutral’ rating and a target price of Rs 1,900, citing stretched valuations. While upbeat on its export momentum, order book, and earnings growth, the brokerage prefers lower entry points amid limited near-term upside.
See a long runway for T&D segment in power sector: Nischal Maheshwari
Nischal Maheshwari highlights positive growth in the power sector’s transmission and distribution (T&D) due to solar power adoption and rising power consumption, necessitating infrastructure upgrades.