Stock in News: This mid-cap company receives order worth Rs 8,422 crore!

The consolidated order book position of this company has now reached a staggering figure of Rs 24,021 crore approx. with the signing of this new contract.

On Friday, shares of Bharat Dynamics Ltd zoomed 5.96 per cent to an intraday high of Rs 1012 per share from its previous closing of Rs 955.10. At 03:30 pm, shares of BDL ended the day in green, up 3.52 per cent to Rs 988.75 per share.    

Bharat Dynamics Limited (BDL) today signed a contract for Rs 8,161 crore with the Ministry of Defence, Govt of India for the production and supply of the Akash Weapon System to the Indian Army. The order is to be executed in three years. Further BDL also received an order of Rs 261 crore for CMDS for MLH Helicopters. The consolidated order book position of BDL has now reached a staggering figure of Rs 24,021 crore approx. with the signing of this new contract.  

Bharat Dynamics (BDL), is a Government of India Enterprise. It is engaged in the manufacturing of guided missiles and allied defence types of equipment. The shares of the BDL saw a spurt in volume by more than 7.69 times on BSE.   

This PSU company has a market cap of Rs 18,121.93 crore. The company reported positive numbers in its Quarterly Results and annual results.   

The stock is up by 84.24 per cent in 1 year and over 450 per cent in just 3 years. Investors should keep an eye on this Mid-Cap multibagger stock.