Bharat Dynamics share: Bharat Dynamics shares saw a spectacular rise of 5 percent today on January 20. This stock is currently trading at Rs 1323 on BSE with a gain of 3.62 percent. The stock touched the level of Rs 1345.55 intraday, which is the high of last one month. Today is the third consecutive day when the company’s shares are trading in the green. During this period, due to strong order momentum, the stock has increased by about 18 percent. The market cap of the company is Rs 48,772 crore.
Bharat Dynamics received order from Defense Ministry
Bharat Dynamics recently signed an agreement with the Ministry of Defense for the supply of Medium Range Surface-to-Air Missiles (MRSAM) for the Indian Navy. This contract is worth Rs 2960 crore. The MRSAM system is a standard feature on many Indian Naval ships and is planned to be installed on most future platforms.
This contract enhances India’s defense capabilities and promotes self-reliance in this sector. With this deal, the company’s order intake for FY 2025 has increased to Rs 3110 crore, which is almost double from Rs 1793 crore in FY 2024.
Brokerage opinion on Bharat Dynamics
Analysts at ICICI Securities believe order execution will remain a key factor as the company faced supply chain issues, leading to a 19 per cent year-on-year decline in its revenue in H1FY25.
CRISIL Ratings expects Bharat Dynamics’ revenue to grow 28% to 30% in FY25 and 13% to 15% in the medium term, supported by strong order book and better execution rates.
Meanwhile, brokerage firm Elara Securities suggests that Bharat Dynamics has solved its supply chain problems by indigenizing missile components imported from Russia. Orders are expected to increase in Q4FY25 due to increase in defense inflows.
Performance of Bharat Dynamics shares
In the last one year, shares of Bharat Dynamics have increased by about 60 percent. In the last 4 years, its investors have got a strong return of 694 percent. At the same time, in the last 5 years the stock has made a bumper profit of 778 percent.
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