Bharat Dynamics Ltd up by 5.89 percent | Espresso Shot of the Day

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Espresso Shot of the Day - Bharat Dynamics Ltd up by 5.89 percent

January 20, 2022
Espresso Shot of the Day - Bharat Dynamics Ltd up by 5.89 percent

Bharat Dynamics Ltd 461.15  (+5.89%) BSE – INE171Z01018 | Jan 20, 2022

Headquartered in Hyderabad, Bharat Dynamics Limited (BDL), was incorporated on 16 July, 1970 as a Public Sector Undertaking under the Ministry of Defense, Government of India. It was set up to be the manufacturing base for guided missile systems and allied equipment for the Indian Armed Forces. Since its inception, BDL has been working in collaboration with DRDO & foreign Original Equipment Manufacturers (OEMs) for the manufacture and supply of various missiles and allied equipment to the Indian Armed Forces. The lead taken by the Nation to develop indigenous, sophisticated and contemporary missiles through the Integrated Guided Missile Development Programme (IGMDP), gave BDL an opportunity to be closely involved in the programme, wherein it was identified as the Prime Production Agency. This opened up a plethora of opportunities to assimilate advanced manufacturing and programme management technologies and skills.


Recent Drivers

  • On Dec 27, 2021, the Board of Bharat Dynamics appointed Sunil Chintaman Mone, Prof. (Dr.) Sanhamitra Mishra, Rajendra Singh Shekhawat, Nanda Kumar Subburaman and Dr.Pawan Sthapak as Non-official Independent Directors of the company
  • On Dec 2, 2021, Bharat Dynamics and the Indian Army signed a contract worth Rs.471.41 crores for refurbishment of IGLA - 1M missiles. 
  • On Nov 19, 2021, The Prime Minister laid the foundation stone of the Rs.400 crore project of Bharat Dynamics Limited at Jhansi Node of the UP Defence Industrial Corridor.
  • The company reported a Net Sales of Rs.503.83 crores in September 2021.
  • The company reported a Net profit of Rs.43.26 crores in September 2021
 (Sources:,  Business standard, BSE, Business Today)


Technical Force*

  • S&P BSE 500 month till date gain up by 2.49%
  • Traded on 52 week high value 473.10
  • 3 months avg. NSE volume: 272,004
  • Quantity traded: 1,33,678 | Deliverable quantity: 55,891 (41.81%)
  • Stock price has jumped more than 45% from one-year-low level: 321.50 (Apr 19, 2021)
  • Daily RSI (14) is in Overbought territory today
  • 52-week-high: 473.10 | 52-week-low: 321.50


Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

590.20

522.60

456.70

389.10

323.20

255.60

189.70

     -

Fibonacci Pivot

522.60

471.60

440.10

419.81

389.10

358.40

338.10

306.60

255.60


Today’s Close

461.15

SMA

BSE

10 DAY

423.90

20 DAY

406.76

50 DAY

405.58

200 DAY

383.18


Some Key Ratios (Source: BSE)

Market Cap:  8452.01 Crores

PE: 24.05

OPM%: 17.15

ROE%: 12.32

Promoters holding%: 74.93

Prev. Close: 435.50



*Chart and Technical Force data from the Binge desktop app
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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.