Espresso Shot of the Day - Bharat Dynamics Ltd up by 16.07 percent

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Espresso Shot of the Day - Bharat Dynamics Ltd up by 16.07 percent

April 18, 2022
Espresso Shot of the Day - Bharat Dynamics Ltd up by 16.07 percent

Espresso Shot of the Day - Bharat Dynamics Ltd up by 16.07 percent


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 Mar 31, 2022, the Company announced that it has signed a Memorandum of Understanding with Tawazun Economic Council (TEC), United Arab Emirates based company for exploring new business opportunities in the field of defence.
  • On Feb 14, 2022, the company declared a dividend of Rs.7.30/- per equity share.
  • On Feb 14, 2022, the company reported Net Sales of Rs.803.91 crores in December 2021, up 75.02% from Rs.459.32 crores in December 2020.
  • On Feb 14, 2022, the company reported a Quarterly Net Profit of Rs.213.26 crores in December 2021, up 333.53% from Rs.49.19 crores in December 2020.
  • On Feb 3, 2022, the company signed a contract worth Rs. 3,131.82 crores for manufacture and supply of Konkurs - M anti-tank guided missiles to the Indian Army.
 (Sources: Moneycontrol, Business Standard, BSE)


Technical Force*

  • S&P BSE 500 month till date gain up by 0.27%
  • Traded on new All time high value 884.50
  • 3 months avg. NSE volume: 1,418,103
  • Quantity traded: 6, 28,144 | Deliverable Quantity: 1, 63,506 (26.03%)
  • Stock price has jumped by more than 170% from a one-year low level: 321.50 (Apr 19, 2021)
  • Daily RSI (14) is nearby Overbought territory today
  • 52-week-high: 884.50 | 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

855.55

SMA

BSE

10 DAY

674.19

20 DAY

619.03

50 DAY

529.42

200 DAY

432.88


Some Key Ratios (Source: BSE)

Market Cap: 15,680.63 Crores

PE: 31.62

OPM%: 40.33

ROE%: 18.41

Promoters holding%: 74.93

Prev. Close: 737.10



*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.