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Akash missiles in Ladakh, OFS have taken Bharat Dynamics to new highs. Awaited: ‘atmanirbhar’ push.

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Investing

Akash missiles in Ladakh, OFS have taken Bharat Dynamics to new highs. Awaited: ‘atmanirbhar’ push.

In March 2018, Bharat Dynamics got listed below the offer price of INR428. But its fortunes have changed in the last few months. On July 7, it touched an all-time high of INR455. Its three-month returns were at 88% at Monday’s closing. Will Bharat Dynamics be able to keep up the good show?
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14 Jul 2020 9 Mins Read 2 comments
Concept by Varsha Santosh and Muhabit ul haq
Concept by Varsha Santosh and Muhabit ul haq
When Bharat Dynamics Limited (BDL) debuted on the bourses two years ago, it got a cold shoulder from investors. While the offer price was INR428, the BDL initial public offering (IPO) opened at INR360 on the listing day to close marginally higher at INR389. For the next two years, the stock never touched the IPO offer price and continued to
Tata Power’s strategic division. Government policies reflect that indigenous defence products will be encouraged to cut dependence on exports. While BDL is likely to get a boost, the fact is investors have waited for long to reap the benefits. A lot now rides on the government’s aim to make India ‘atmanirbhar’. ( Graphics by Mohammad Arshad)
When Bharat Dynamics Limited (BDL) debuted on the bourses two years ago, it got a cold shoulder from investors. While the offer price was INR428, the BDL initial public offering (IPO) opened at INR360 on the listing day to close marginally higher at INR389. For the next two years, the stock never touched the IPO offer price and continued to Tata Power’s strategic division. Government policies reflect that indigenous defence products will be encouraged to cut dependence on exports. While BDL is likely to get a boost, the fact is investors have waited for long to reap the benefits. A lot now rides on the government’s aim to make India ‘atmanirbhar’. ( Graphics by Mohammad Arshad)

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