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Bharat Dynamics rises on signing MoU with UPEIDA

06 Aug 2021 Evaluate

Bharat Dynamics is currently trading at Rs. 406.20, up by 7.10 points or 1.78% from its previous closing of Rs. 399.10 on the BSE.

The scrip opened at Rs. 406.30 and has touched a high and low of Rs. 406.50 and Rs. 400.15 respectively. So far 2824 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 481.25 on 14-Aug-2020 and a 52 week low of Rs. 280.70 on 22-Sep-2020.

Last one week high and low of the scrip stood at Rs. 428.90 and Rs. 395.65 respectively. The current market cap of the company is Rs. 7412.81 crore.

The promoters holding in the company stood at 74.93%, while Institutions and Non-Institutions held 18.33% and 6.75% respectively.

Bharat Dynamics (BDL) has signed a Memorandum of Understanding (MoU) with Uttar Pradesh Expressways Industrial Development Authority (UPEIDA), Uttar Pradesh for setting up a unit in the UP Defence Corridor. BDL, a mini-ratna Category-1 Company, having its registered office at Hyderabad, will be setting up a manufacturing unit in Jhansi, as a part of its diversification and expansion plan.

BDL is the only Defence Public Sector Company in the country manufacturing missiles and underwater weapons for the armed forces. As per the MoU, BDL will acquire 215 acres of land in Jhansi under a lease agreement for an initial period of 30 years, which will be extendable up to 90 years.

Bharat Dynamics is engaged in manufacturing of Surface to Air missiles (SAMs), Anti-Tank Guided Missiles (ATGMs), underwater weapons, launchers, countermeasures and test equipment.

Bharat Dynamics Share Price

1447.80 -18.20 (-1.24%)
08-May-2026 16:59 View Price Chart
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