Introduction:
Leading defense contractor has secured a ₹2,960 crore contract with the Ministry of Defence to supply Medium-Range Surface-to-Air Missiles (MRSAM) for the Indian Navy, bolstering its position in the defense sector and supporting India’s defense modernization efforts.
Also Read: Infra stock jumps 8% after it receives order worth ₹1,087 Cr from Gorakhpur Development Authority
Share price movement of Bharat Dynamics:
On January 16, 2025, Bharat Dynamics Ltd opened at ₹1,151.75, up 1.59% from its previous close of ₹1,133.65. The stock reached a high of ₹1,227.90 (8.32%) and a low of ₹1,141.70. By 4:01 PM, it traded at ₹1,201.10, a 5.95% increase, with a market cap of ₹44,027.82 crore.
BDL Secures ₹2,960 Crore MRSAM Order:
Bharat Dynamics Limited (BDL) has signed a significant ₹2,960 crore contract with the Ministry of Defence to supply Medium-Range Surface-to-Air Missiles (MRSAM) for the Indian Navy. The order strengthens BDL’s position in the defense sector.
The contract, disclosed under SEBI (LODR) Regulations, 2015, marks a major achievement for BDL, emphasizing its capabilities in advanced missile technology. The supply of MRSAM missiles will enhance the Indian Navy’s defense systems, aligning with India’s defense modernization goals.
Recent news on Bharat Dynamics:
As of November 14, 2024, Bharat Dynamics Limited signed an MOU with Russian defense agency Rosoboronexport to collaborate on the Pantsir self-propelled anti-aircraft gun and missile system, aimed at fulfilling Indian Army’s air-defense needs.
Stock performance of Bharat Dynamics for Period of 1 week, 6 months and 1 year:
Over the past week, the stock declined by 5.76%. Its six-month performance shows a significant drop of 22.7%, while the one-year return stands strong at 29.5%, reflecting overall long-term growth
Also Read: Steel stock hits 20% upper circuit after its net profits increase by 68.32% YoY
Shareholding pattern of Bharat Dynamics:
| All values in % | Dec 2024 | Sep 2024 | Jun 2024 |
| Promoter | 74.90% | 74.90% | 74.90% |
| FII | 3.10% | 2.90% | 3% |
| DII | 8.70% | 8.50% | 9.50% |
| Public | 13.30% | 14% | 13% |
About Bharat Dynamics:
Bharat Dynamics Limited (NSE: BDL), established in 1970, is a leading defense PSU manufacturing Surface to Air Missiles, Anti-Tank Guided Missiles, torpedoes, and launchers. Headquartered in Hyderabad, it supplies key defense systems to the Indian Armed Forces.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
