Bharat Dynamics rallies 6%, hits new high on strong growth outlook

Shares of Bharat Dynamics (BDL) hit a new high of Rs 976.35 on the BSE on Monday as they rallied 6 per cent in the intra-day trade on strong growth outlook. The company expects an order book Rs 25,000 crore in the next 2 years.

The stock of the state-owned defence company was quoting higher for a sixth straight day, having surged 20 per cent during the period. In comparison, the S&P BSE Sensex was down 0.27 per cent at 58,680 points at 09:21 AM. In the past one year, BDL's stock price has more-than-doubled or has zoomed 140