Shares of this PSU defence company have zoomed nearly 100% thus far in 2022

Government of India aims to reduce the country's dependence on imports of defence equipment and have a more 'self -reliant' defence sector under the Aatmanirbhar Bharat initiative.

Shares of Bharat Dynamics (BDL) hit a new high of Rs 775 after they rallied 8 per cent on the BSE in Monday’s intra-day trade in an otherwise weak market on the back of heavy volume. The stock of the state-owned aerospace and defence company has zoomed 36 per cent in the past three trading days.

At 09:58 am; BDL traded 7 per cent higher at Rs 769.05, as compared to a 0.62 per cent decline in the S&P BSE Sensex. The trading volume at the counter nearly-doubled with a combined 3.65 million equity shares changing hands on the