Heavy Buying Aerospace and Defence Stock Rallies Over 5 per cent with Robust Volumes; Stock Gains over 600 per cent in just 5 years!
The company’s shares have delivered an impressive multibagger returns of over 160 per cent in two years.
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. Today BDL has signed a contract worth Rs 2,960 Crore with Ministry of Defence for supply of Medium-Range Surface-to-Air Missiles (MRSAM) for the Indian Navy.
DSIJ’s 'multibagger Pick’ service recommends well researched multibagger stocks with High Returns potential. If this interests you, do download the service details here.
At the start of the day's trading session, the share of Bharat Dynamics Limited (BDL) opened at Rs 1,133.65 per share, compared to the previous day's closing figure of Rs 1133.65 per share on the BSE. Currently, the shares are at around Rs 1,196.45 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 43,857.37 crore, and the stock has generated an impressive multibagger return of around 160 per cent in just two years.
Financial Performance
As per the Quarterly Results, in the fourth quarter of Q2FY24, Bharat Dynamics Limited (BDL) recorded a revenue of Rs 545 crore. The operating profit for Q2FY24 stood at Rs 99 crore. The net profit for Q4FY24 was Rs 123 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 13.26 per cent. FIIs and DIIs hold 3.09 per cent and 8.70 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.