Bharat Dynamics Limited (BDL) has signed a contract with the Indian Air Force (IAF) for the supply of surface-to-air missiles order worth Rs 290.90 crore. The consolidated order book position of BDL as of April 01, 2023, is worth Rs 20,054 crore including Rs 2,586 crore export orders. BDL is expected to get an additional Rs 25,000 crore in orders over the next 2 to 3 years due to its continuous efforts to win new business.
Additionally, the company announced a final dividend of Rs 1.2 per equity share having a face value of Rs 10 each. The dividend was ex-traded on Wednesday, September 20, 2023.
On Wednesday, shares of Bharat Dynamics Ltd plunged 1.31 per cent to Rs 1042 per share from its previous closing of Rs 1055.80 with an intraday high of Rs 1,087.6 and an intraday low of Rs 1,037.
Bharat Dynamics (BDL), is a Government of India Enterprise. It is engaged in the manufacturing of guided missiles and allied defence types of equipment.
According to the financials, this PSU company has a market cap of over Rs 19,000 crore. The company reported positive numbers in its Quarterly Results and annual results. The company is almost debt-free and has been maintaining a healthy dividend payout of 43.8 per cent.
The stock is up by 170 per cent in 2 years and over 230 per cent in just 3 years. Investors should keep an eye on this Mid-Cap multibagger stock.
Disclaimer: The article is for informational purposes only and not investment advice.
Source: dsij. In
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