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Bharat Dynamics zooms 10% on inking Rs 3,132 cr contract with Indian Army

With this contract, the company's order book position stands at Rs 11,400 crore (net), BDL said in an exchange filing.

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To conduct the ABM shield test, a Prithvi missile was launched as the enemy missile by DRDO (left). Later an Advanced Air Defence interceptor was launched (right) to shoot down the Prithvi target missile on the same day

SI Reporter Mumbai

2 min read Last Updated : Feb 03 2022 | 9:39 AM IST

Shares of Bharat Dynamics (BDL) hit a new high of Rs 535.70, on rallying 10 per cent on the BSE in Thursday’s intra-day trade after the company signed a contract worth Rs 3,131.82 crore with the Indian Army. The contract is for manufacture and supply of Konkurs - M AntiTank Guided Missiles to the Indian Army, and will be executed in three years.

With this contract, the company’s order book position stands at Rs 11,400 crore (net), BDL said in an exchange filing.

At 09:16 am; the stock traded 8 per cent higher at Rs 525, as compared

Topics : Buzzing stocks Bharat Dynamics Market trends defence firms defence stocks

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