Midcap Defence Co. Inks Contract Worth Rs 290.90 Cr With IAF To Supply Surface To Air Missiles

Bharat Dynamics Limited (BDL) on Tuesday, Sept 19, 2023, announced that it has signed a contract with IAF for the supply of Surface to Air missiles worth Rs 290.90 crore.

"BDL has signed contract with IAF for supply of Surface to Air missiles order worth Rs.290.90 crore.," the company said in an exchange filing.

On Monday, the shares of BDL closed at Rs 1,055.80 apiece as compared to the previous close of Rs. 1064.05 apiece on the BSE.

The stock declined 10.06% in 1 week, 4.81% in 1 month, and 10.43% in 3 months, respectively, It gained 15.79% in 6 months. It has given 14.52% positive return in 1 year. It has given 163.32% robust return in 2 years, and 231.49% robust return in 3 years.

The stock recorded its 52-week high at Rs 1,278 apiece and 52-week low at Rs 786. 85 apiece.

Bharat Dynamics Limited (BDL) is Miniratns Category-1 Public Sector Undertaking (PSU) under the Ministry of Defence, Government of India. It is engaged in the manufacturing of guided missiles and allied defence equipment. It is a midcap defence sector PSU with a market cap of Rs 19,350.83 Crore.