Stock Pick: Bharat Electronics
Bharat Electronics' financial position in equities has thrived due to its monopolistic control
By OLM Desk
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.