Bharat Dynamics zooms 29% in two days on heavy volumes; stock hits new high

The market price of BDL has surged 35 per cent in six trading days after exchanging MoU with UAE firm to explore new business opportunities.

Shares of Bharat Dynamics (BDL) rallied 19 per cent to hit a new high of Rs 737.35 on the BSE in Friday’s intra-day trade. The stock has zoomed 29 per cent in past two trading days on the back of heavy volumes.

At 12:25 pm; the stock of state-owned aerospace and defence company was up 18 per cent at Rs 734, as compared to 0.44 per cent rise in the S&P BSE Sensex. The trading volumes on the counter jumped nearly five-times as 7.85 million equity shares changed hands on the NSE and BSE.

BDL is a public-sector