Stock Pick: Bharat Electronics

The company operates under the Ministry of Defence (MoD) and manufactures products and services in a wide spectrum of technology like radars, military communications, naval systems, electronic warfare systems, telecommunications, sound and vision broadcasting, tank electronics, solar photovoltaic systems, embedded software and electronic components.

Why: Bharat Electronics captures 37 per cent market share in defence electronics.

What: Delay in the execution of defence contracts due to its monopolistic nature and increase in private sector entrants in the business.

olmdesk@outlookindia.com