Stock market analysts are of the view that investors can buy Bharat Electronics Ltd stock to achieve an intraday target between Rs 1665-1680.

According to them, investors can buy the stock above Rs 1650 with a strict stop loss of Rs 1640.

Shares of the company, on Monday (Nov 23), closed at Rs 1647.80 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 1,643 and a low of Rs 545.40 on BSE.

Current EPS & P/E ratio of the stock stood at 124.03 & 13.71.

For the three month period ended September 30, Bharat Electronics Limited (BEL) registered a healthy 91.8% increase in its net profit, which stood at Rs 237.3 crore as against the same quarter last fiscal.

The company's operating profit during the quarter grew more than two times to Rs 300.8 crore as against to the corresponding period of 2008.

During the second quarter, the company's sales income increased 65.3% to Rs 1,307.8 crore as compared to the same period a year ago.

Ashwani Kumar Dutt, chairman and managing director, BEL stated that the growth in company's profits was the result of cost cutting and competitive pricing plan followed during the period.

The company's order book position bettered by Rs 4,000 crore in the quarter and presently, it stands at Rs 12,150 crore, an overall growth of 21.5% as against the April 2009 levels.