BEL share: Fresh target prices for defence PSU as Q3 results beat St estimates 

BEL Q3 results: Nomura noted that BEL's gross margin contraction was more than offset by improved operating leverage on account of a 240 basis points drop in other expenses as a percentage of sales.

BEL share: Fresh target prices for defence PSU as Q3 results beat St estimates 
BEL Q3 results: Nomura noted that BEL's gross margin contraction was more than offset by improved operating leverage on account of a 240 basis points drop in other expenses as a percentage of sales.

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