Bharat Dynamics jumps 5% on strong outlook; stock up 23% in 2 weeks

Shares of Bharat Dynamics (BDL) surged 5 per cent to Rs 984.50 in Wednesday’s intra-day trade, on strong business outlook. In the past two weeks, the stock rallied 23 per cent after the state-owned aerospace & defense company said that it has received export order worth $255 million. The order will be executed subject to government clearances.

Meanwhile, BDL entered into 10 Memorandum of Understandings (MoU) with several foreign and Indian companies during the Aero India – 2023.

BDL entered into MoU with Thales to set up manufacturing facilities for Laser Guided Rocket and its major components in