Bharat Dynamics inks deal worth Rs. 760 cr, Stock Up
January 8, 2019
Bharat Dynamics Limited, one of India’s ammunition and missile systems manufacturer, has signed a contract valued about Rs.760 crore with the Indian Army for production and supply of anti-tank guided missiles and launchers, as per company’s filing with stock exchanges.
company further stated that it will make missiles and launchers under continual
technical alliance with Russia at the Bhanur Unit of Bharat Dynamics Ltdin Telangana.
of this prestigious development, the stock of Bharat Dynamic jumped during
Tuesday’s trading session on the NSE. The stock which opened flat at Rs. 282.90
per share surged near 10 percent after the announcement of this contract.
However, when trade progressed, it cooled down and scrip settled for the session
at Rs. 293 per share, up by 5.26% from its previous close on the NSE.