Review

BHARAT DYNAMICS LTD 

Ticker : 541143

FV:  ₹10 

52-Week H/L: ₹783.60/321.50



We had recommended Bharat Dynamics Limited (BDL) in volume no. 38, issue no. 24 (dated April 04, 2022) when the scrip was trading at Rs 544.30. On a standalone basis, the company recorded net sales and other operating income of Rs 803.91 crore, higher by 75.13 per cent than Rs 459.02 crore reported in Q3FY21. The operating profit was recorded at Rs 324.18 crore in Q3FY22, a robust rise as compared to an operating profit of Rs 94.26 crore in Q3FY21. Q3FY22 recorded a net profit of Rs 213.26 crore in comparison with a net profit of Rs 49.19 crore in Q3FY21, giving a significant rise. The stock has zoomed up to 31 per cent in the past eight trading sessions. The centre's Atmanirbhar push on indigenous defence manufacturing is likely to have supported the company's shares. Also, the shares of BDL are trading at a PE ratio, which is slightly higher than the median PE. Hence, we recommend our investor-readers to BOOK PROFIT at Rs 627.60 per share with a gain of 15.3 per cent.