After HAL and BEL, now Bharat Dynamics eyes record high. Here's why

Bharat Dynamics has more-than-doubled in 2022 so far, however, the stock still trades 14 per cent shy from its historic peak.

Shares of aerospace and defence company, Hindustan Aeronautics hit a new all-time high on Thursday, while Bharat Electronics, manufacturer of ammunitions and missile systems too registered a new all-time high. Likewise, Bharat Dynamics too witnessed a robust rally, gaining over 6 per cent in today's intra-day session.

Hindustan Aeronautics was in focuys after the company signed a $100 million contract with US engine-maker Honeywell, for 88 engines to power the indigenous Hindustan Turbo Trainer – 40 (HTT-40), on which the Indian Army, Navy and Indian Air Force (IAF) pilots will first learn to fly. READ MORE

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