{"id":110362,"date":"2023-09-20T15:45:00","date_gmt":"2023-09-20T10:15:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=110362"},"modified":"2023-09-20T15:22:49","modified_gmt":"2023-09-20T09:52:49","slug":"defence-stock-jumps-after-company-bags-an-order-worth-291-cr-from-indian-air-force","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/defence-stock-jumps-after-company-bags-an-order-worth-291-cr-from-indian-air-force\/","title":{"rendered":"Defence stock jumps after company bags an order worth \u20b9 291 Cr from Indian Air Force"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-508086678\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>This S&amp;P BSE 500 company which is also a category-I miniratna is currently trading at Rs. 1054.95 and rose up to 3% on Wednesday within the first half hour of markets opening after it bagged an order worth Rs. 291 crore. The stock trades 17.4% away from its 52 week high. The stock is 3.4% up from its 200 day moving average and 6.8% away from its 20 day moving average.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2685344030\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/BDL\/standalone?standalone=true\" target=\"_blank\" rel=\"noreferrer noopener\">Bharat Dynamics Ltd<\/a><\/strong> (\u201cBharat Dynamics&#8221;) has a market cap of Rs. 19,335 crore and in a filing dated 19th September 20223, the company announced an order that was received from Indian Air Force in the form of a contract for supply of Surface to Air missiles which is worth Rs. 290.9 crore.\u00a0<\/p><p>Earlier this year, the company received an export order worth USD 255 Million. The company has also previously supplied the1st RF seeker of Akash &#8211; NG missile to drdo which was a significant milestone achieved towards \u2018atmanirbharta\u2019 in defense.&nbsp;<\/p><p>Bharat dynamics is a 3 year multibagger, returning 230% in the last 3 year period. Meaning, if you invested Rs. 1 lakh into Bharat Dynamics around three years ago,the position would now be worth around Rs. 3.3 lakh! Bharat Dynamics Limited engages in the manufacturing and sale of guided missiles and allied equipment in India.<\/p><div class=\"trade-content_5\" id=\"trade-2347705357\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The company reported de-growth in its performance in FY23. In FY23, the company\u2019s revenue de-grew 12% YoY, from Rs. 2,817 crore to Rs. 2,489 crore. Net Profits saw a decline of 30% YoY from Rs. 500 crore to Rs. 352 crore. Net margins during the period contracted 360 bps.&nbsp;&nbsp;<\/p><p>This trend has been followed over the years with volatile and declining earnings for the past 3 years. The President of India holds 75% of the stock while FIIs hold 3%, DIIs 14% and the rest being in public holding.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Sandeep R<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-4147780707\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>This S&amp;P BSE 500 company which is also a category-I miniratna is currently trading at Rs. 1054.95 and rose up to 3% on Wednesday within the first half hour of markets opening after it bagged an order worth Rs. 291 crore. The stock trades 17.4% away from its 52 week high. The stock is 3.4% [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":104612,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[6955,12295,6243,948,936,3685],"class_list":["post-110362","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-bharat-dynamics-latest-news","tag-bharat-dynamics-latest-order","tag-bharat-dynamics-limited-share-price","tag-stock-market","tag-stock-market-news","tag-what-does-bharat-dynamics-limited-do"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Defence stock jumps after company bags an order worth \u20b9 291 Cr from Indian Air Force - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"This S&amp;P BSE 500 company which is also a category-I miniratna is currently trading at Rs. 1054.95 and rose up to 3% on Wednesday within the first half hour of markets opening after it bagged an order worth Rs. 291 crore. 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