Heavy Buying Aerospace and Defence Stock Rallies Over 5 per cent with Robust Volumes; Stock Gains over 800 per cent in just 3 years!

The company’s shares have delivered an impressive multibagger returns of over 190 per cent in just 1 year.

Bharat Dynamics Limited (BDL) is a Government of India Enterprise specializing in the manufacturing of guided missiles and allied defence equipment. Established in Hyderabad in 1970 under the Ministry of Defence, BDL was designated as a Mini-Ratna – Category – I Company by the Government of India in 2000. The company achieved a significant milestone by producing India’s first state-of-the-art Surface-to-Surface Missile, Prithvi. BDL has played a crucial role in the Integrated Guided Missile Development Program (IGMDP), one of India’s most successful defence initiatives, contributing to the successful induction of missiles such as Prithvi, Akash, and Agni. Today the company saw a significant spike in both the share price and volumes in today.

At the start of the day's trading session, the share of Bharat Dynamics Limited (BDL) opened at Rs 1575 per share, compared to the previous day's closing figure of Rs 1544.15 per share on the BSE. Currently, the shares are at around Rs 1604 per share on the BSE. The stock has attracted a heavy volume today, reflecting strong demand in the market. The current market capitalization of Bharat Dynamics Limited (BDL) stands at Rs 58,796 crore, and the stock has generated an impressive multibagger return of around 190 per cent in just 1 year.

Financial Performance

As per the Quarterly Results, in the fourth quarter of FY24, Bharat Dynamics Limited (BDL) recorded a revenue of Rs 854 crore. The operating profit for Q4 FY24 stood at Rs 316 crore. The net profit for Q4 FY24 was Rs 289 crore. Looking at the annual performance, the company generated a revenue of Rs 2369 crore in FY24, compared to Rs 2489 crore in FY23. The operating profit for FY24 was Rs 537 crore, with a net profit of Rs 613 crore.

Regarding the shareholding pattern, the promoters own 74.93 per cent of the company and the public or retail investors hold 9.72 per cent. FIIs and DIIs hold 2.95 per cent and 12.39 per cent respectively.

Investors must keep this Large-Cap stock on their radar.

Disclaimer: The article is for informational purposes only and not investment advice.