InvestorQ : Why did the stock of Bharat Dynamics rally so sharply in last few weeks?
vaishnavi mhatre made post

Why did the stock of Bharat Dynamics rally so sharply in last few weeks?

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vidhya Laxmi answered.
1 month ago
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Bharat Dynamics (BDL), the government owned defence company, has rallied sharply in the recent few weeks. The trigger was an order worth Rs2,971 crore for supply of Astra Mark-I BVRAAM (air-to-air missile) from the Indian Air Force and Indian Navy. What is more interesting is that in the last 3 months, the stock of BDL is up 87%.

BDL makes surface to air missile, anti-tank guided missile and torpedoes. It currently boasts of an order book of Rs10,170 crore and is one of the key beneficiaries of greater defence in-sourcing plan announced by the Indian government.

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