Bharat Dynamics Defence Order: BDL saw its stock price jump nearly 2% on March 26 after the company announced a major new order from the Ministry of Defence. The order, valued at ₹4,362 crore, pushed the company’s shares to around ₹1,336 in the afternoon.
BDL confirmed the contract in an official filing during market hours on March 26. “Bharat Dynamics has signed a contract worth ₹4,362 crore with the Ministry of Defence for the supply of armaments to the Indian Armed Forces,” the company said. BDL did not disclose further details about the deal, explaining that the information is “confidential in view of national security.”
The company’s stock has been performing exceptionally well, gaining over 30% in just the last month. According to Money Control, Investors have shown strong interest in defence stocks, helping BDL’s shares climb around 60% from its lowest point in the past year. In March last year, the stock traded at ₹837, marking its 52-week low. However, despite recent gains, the stock still trades nearly 26% below its highest point in the last year, which was ₹1,795 per share.
BDL made its stock market debut in March 2018 at ₹428 per share. Since then, its price has tripled, reaching its current levels. The surge in defence stocks has come even as the broader market struggles. On March 26, the Sensex dropped nearly 570 points, and the Nifty index fell by about 0.6%.
Defence and Shipbuilding Stocks Soar Up to 30% in Strong Rebound After Market Correction
Other defence companies also saw strong gains despite the overall market downturn. The Nifty Defence India index moved into positive territory as stocks in the sector performed well. HAL led the rally, rising over 3% after GE Aerospace confirmed that it had delivered the first of the 99 F404-IN20 engines for the Tejas Light Combat Aircraft Mk 1A. The engine delivery had faced long delays, and the news brought renewed optimism to investors.
