{"id":92918,"date":"2023-03-01T14:00:00","date_gmt":"2023-03-01T08:30:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=92918"},"modified":"2023-03-01T13:56:42","modified_gmt":"2023-03-01T08:26:42","slug":"navratna-psu-stock-to-buy-after-it-signs-agreement-with-thales-reliance-defence-systems","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/navratna-psu-stock-to-buy-after-it-signs-agreement-with-thales-reliance-defence-systems\/","title":{"rendered":"Navratna PSU Stock to BUY after it signs agreement with Thales Reliance Defence Systems"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1532311660\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Bharat Electronics Ltd. (BEL) a Navratna PSU company announced that it has signed a Frame Supply Agreement with Thales Reliance Defence Systems (TRDS), Nagpur, for the manufacture and supply of TR Modules, Radar LRUs (Line Replaceable Units) and Micro Modules.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1895438713\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>TRDS was incorporated in June 2017 under the Indian Companies Act, 2013. It is a joint venture between Thales (France) and Reliance Defence Systems ltd with a proposed shareholding of 49% and 51% respectively.&nbsp;<\/p><p><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/BEL\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">BEL<\/a><\/strong> is a Navratna PSU, established under the Ministry of Defence, Government of India. It is an aerospace and defence company with about nine factories and several regional offices in India.\u00a0<\/p><p>The shares of BEL are in the green and they gained 2.33% to trade at \u20b9 96.80 apiece at 12:28 PM on Wednesday.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1538005798\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The agreement aims at leveraging the complementary strengths and capabilities of both the companies. It is a part of the offset commitment under the Rafale-India Contract and in line with the \u2018Make in India\u2019 Policy. Both BEL and TRDS are active stakeholders in the government\u2019s Make in India Policy.&nbsp;<\/p><p>Leveraging Thales\u2019 Offset commitment as part of the Rafael contract, the joint venture is to develop India\u2019s capabilities in integrating and maintaining Radar and Electronic Warfare sensors. It will develop skills and activity in the Special Economic Zone of MihanNagpur together with an Indian supply chain for the manufacturing of microwave technologies and high-performance airborne electronics.&nbsp;<\/p><p><strong>ICICI Securities has a buy call on the shares of BEL with a target price of \u20b9 125 apiece. This translates to an upside of 29.13% as compared to its share price of \u20b9 96.80.\u00a0<\/strong><\/p><p>BEL is a large-cap company with a market capitalization of 69151 crores. It has an ideal return on equity of 20.55% and an ideal debt-to-equity ratio of 0.01. Its shares were trading at a price-to-earnings ratio of 25.11, which is significantly lower than the industry P\/E of 41.05, indicating that the stock might be undervalued as compared to its peers.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Simran Bafna&nbsp;<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-3818491851\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Bharat Electronics Ltd. (BEL) a Navratna PSU company announced that it has signed a Frame Supply Agreement with Thales Reliance Defence Systems (TRDS), Nagpur, for the manufacture and supply of TR Modules, Radar LRUs (Line Replaceable Units) and Micro Modules.&nbsp; TRDS was incorporated in June 2017 under the Indian Companies Act, 2013. It is a [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":28544,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1513,31],"tags":[2902,6844,6845,6847,6848,6841,6846,6843,6842,6840,6849,6850,6604,6598,6599,6600,3601,5159,5482,948,936,3153,3157,2597],"class_list":["post-92918","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-editor-pick","category-news","tag-bel","tag-bel-agreement-with-thales","tag-bel-and-thales-deal","tag-bel-deals","tag-bel-latest-deals","tag-bel-latest-news","tag-bel-orders","tag-bel-q3-results","tag-bel-results-2023","tag-bel-share-price","tag-bel-targets","tag-bel-targets-2023","tag-large-cap-psu-stock","tag-navratna-psu-stock","tag-navratna-psu-stock-to-buy","tag-navratna-psu-stock-to-watch","tag-psu-stock","tag-psu-stock-to-watch","tag-psu-stocks-2023","tag-stock-market","tag-stock-market-news","tag-stock-to-buy","tag-stock-to-watch","tag-stocks-to-watch"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Navratna PSU Stock to BUY after it signs agreement with Thales Reliance Defence Systems - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Leveraging Thales\u2019 Offset commitment as part of the Rafael contract, the joint venture is to develop India\u2019s capabilities in integrating and maintaining Radar and Electronic Warfare sensors. 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