Bharat Dynamics

The Ministry of Defence (MoD) on March 30 signed contracts with Indian shipyards, Bharat Dynamics, Bharat Electronics, and BrahMos Aerospace for equipments worth over Rs 35,000 crore.

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In the past two weeks, the stock rallied 23 per cent after the state-owned aerospace & defense company said that it has received export order worth $255 million

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The company entered into 10 Memorandum of Understandings (MoUs) with several foreign and Indian companies during Aero India - 2023

Stocks to watch today: Nestle India, and Schaeffler India will report the October-December quarter (Q3FY23) results on Thursday, February 16.

In the near-term, analysts believe a drop in the defence budget for financial year 2023-24, coupled with premium valuations of related stocks, could weigh on the sentiment

Bharat Dynamics, Hindustan Aeronautics, and Bharat Electronics have skyrocketed 87 per cent, 79 per cent, and 44 per cent, respectively, since Budget 2022

Margins for state-owned firm that specialises in missiles would be range bound given higher raw material costs

KRAS is a joint venture set up by Israeli company, Rafael, in partnership with Kalyani Strategic Systems

The company expects an order book Rs 25,000 crore in the next 2 years

The defence procurement budget is likely to increase considerably for FY24E with the share of imports coming down further, according to analysts.

Companies like BEL, BDL and HAL have strong order books and are prepping for the export market, say analysts

Bharat Dynamics, JK Paper and Hindustan Aeronautics have surged over 100 per cent, while Elgi Equipments and Schaeffler India are just shy from doubling the investor's wealth so far in 2022.

Bharat Dynamics has more-than-doubled in 2022 so far, however, the stock still trades 14 per cent shy from its historic peak.

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The company has signed a contract worth Rs 2,971 crore with Ministry of Defence for supply of Astra Mark-I BVRAAMs and associate equipments to Indian Air Force and Indian Navy.

Stocks to Watch Today: AU Small Finance Bank will be in focus as the company has set June 10 as the record date for the proposed 1:1 bonus issue.

With air-to-air missiles costing about Rs 15 crore each, the Astra will provide major business opportunities to Indian firms

ASTRA MK-I missile and all associated systems for its launch, and ground handling and testing have been developed by DRDO in coordination with the IAF, an official state from the ministry stated.