Bharat Dynamics

Private defence firms are gaining ground in government tenders, with their share of tender value rising to 56 per cent in 2026 from 3 per cent in 2019

Domestic brokerage Emkay Global initiated coverage on Bharat Dynamics a day earlier with an 'Add' rating.

The Rs 810.79 crore contract with Bharat Dynamics covers 160 satellite-guided glide bombs and associated equipment, with deliveries scheduled between 2027-28 and 2028-29

Nifty India Defence index hit a new high of 9,912.75, gaining 1% in Monday's intra-day deals. The index quoted higher for the fourth straight trading day.

At 12:41 PM on Thursday, the Nifty India Defence index was the top gainer among thematic indices up 2.6% at 9,641.

Defence stocks in focus: The Defence Acquisition Council (DAC) approved capital acquisition proposals worth about ₹52,000 crore to strengthen the combat capabilities of the armed forces.

Sensex Today | Stock Market Highlights, Monday: In the broader markets, the Nifty MidCap and the Nifty SmallCap settled 0.34 per cent and 0.6 per cent higher, respectively

At 12:24 PM on Wednesday, the Nifty India Defence index was the top gainer among thematic indices up 2.8 per cent as against a 0.3 per cent rise in the Nifty 50.

Bharat Dynamics shares crashed on the BSE after Q4FY26 results showed a sharp revenue decline, prompting brokerages to cut FY27 and FY28 earnings estimates

Q4FY26 company results: Firms including Bharat Dynamics, Schneider Electric Infra, Deepak Fertilisers & Petrochemicals, and Apar Industries are also to release their January-March earnings today

Move follows lessons drawn from West Asia crisis, Russia-Ukraine war, and Pakistan's decision to raise Army Rocket Force Command

Nandish Shah of HDFC Securities has shared Bull Spread' on strategy on Bank Nifty and Bharat Dynamics

The Nifty India Defence index hit an intra-day high of 9,093.20, up 1.3 per cent on the NSE in intra-day deals, and was inching towards its 52-week high of 9,159.55 touched on June 24, 2025.

Thus far in the month of April, Nifty India Defence index has outperformed the market by surging 8 per cent, as against 3 per cent gain in Nifty 50.

The Indian equity market was trading sharply higher, driven by hopes of de-escalation in the war between US-Israel and Iran

A key growth driver for the defence sector remains the robust pipeline of Acceptance of Necessity (AoN) approvals, which typically convert into orders over the next two to three years

Cochin Shipyard, GRSE, BDL, BEML, Paras Defence, Mazagon Dock Shipbuilders and Unimech Aerospace have plunged between 40% and 51% from their respective 52-week highs.

Tensions in West Asia is expected to support sustained demand for defence equipment such as missiles, air-defence systems, surveillance technologies, and electronic warfare solutions, believes MOFSL

Motilal Oswal Financial Services has a 'Buy' rating on Bharat Electronics, Hindustan Aeronautics, Bharat Dynamics, and Astra Microwave Products

The recent up move in Nifty Defence reflects renewed buying after a long phase of consolidation, says Om Mehra, technical analyst at SAMCO Securities. The analyst is bullish on BEL, BDL and GRSE.