BDL stock: Despite correction from its record high level, thus far in the calendar year 2025, Bharat Dynamics stock has outperformed the market by surging 50%, as against 4% rise in the BSE Sensex.
At 01:44 PM; the Nifty India Defence index was the top loser among sectoral indices, down 2.3 per cent, as compared to 0.41 per cent decline in the Nifty 50.
MOFSL today initiated coverage on Bharat Dynamics with a 'Neutral' rating and a target price of ₹1,900, indicating a downside of 4 per cent from current levels.
The sharp rally in defence stocks came after the Defence Acquisition Council (DAC), headed by Defence Minister Rajnath Singh, approved 10 major capital acquisition proposals on Thursday.
Punjab National Bank, Bharat Dynamics and Titan are among the three breakout stocks to watch
Defence stocks fall after the US President Donald Trump announced a "complete and total" ceasefire between Israel and Iran, signalling a potential end to the escalating conflict in West Asia.
Analysts recommend defence stocks are fully priced-in at current levels, hence booking some profit is advisable; but remain optimistic of long-term prospects.
According to a circular issued by the National Stock Exchange (NSE), a total of nine new stocks, including BDL, have been added to the F&O segment
Bharat Dynamics sees strong revenue visibility with easing supply chain hurdles and robust orders, though near-term stock upside may be capped due to rich valuations
Bharat Dynamics shares declined as investors booked profit in the stock after mixed Q4 results.
Share prices of BDL, Data Patterns, GRSE and Paras Defence have more-than-doubled and zoomed up to 131 per cent from their respective three-month lows.
Cochin Shipyard, Garden Reach Shipbuilders, Mazagon Dock, Data Patterns, Paras Defence, Zen Tech, Bharat Dynamics, Hindustan Aeronautics rallied by up to 8% in trade on Friday.
Shares of Bharat Dynamics hit a new high of ₹1,821.95, gaining 4% on the BSE in Wednesday's intra-day trade, surpassing its previous high of ₹1,794.70 touched on July 5, 2024.
Defence stocks: At 9:26 AM, individually, shares of Bharat Dynamics were up 1.21 per cent, Hindustan Aeronautics (HAL) were up 1.91 per cent, Paras Defence and Space Technologies were up 2.08 per cent
BEL, BDL, Mazagon Dock, HAL, Solar Inds, Astra Micro and Data Patterns seem favourably placed on the charts, and may gain up to 38%; here are key support, resistance levels for these 7 defence stocks.
The defence stocks rally comes amid reports of the Pakistan army violating the ceasefire along the Line of Control (LoC) and Indian troops responding appropriately with small arms
Rajesh Bhosale of Angel One has recommended three stocks to buy today; here are full details
Bharat Dynamics shares rose on the BSE after it informed its shareholders that it has won an order from the Ministry of Defence for the supply of armaments to Indian Armed forces
Analyst at Elara Capital believe defense companies in India stand to benefit as the EU defence OEM turn to public and private defence firms to procure components and subsystems.
RVNL, Bharat Dynamics, Hitachi Energy India, Siemens, ABB India, Titagarh Rail Systems, CG Power and Industrial Solutions, Bharat Electronics and L&T down in the range of 5 per cent to 10 per cent.