Bharat Dynamics Shares: Bharat Dynamics Shares Price NSE India
Bharat Dynamics company’s shares went up by 2% at the beginning of trading on March 22 because the company’s board agreed to divide its shares and announced a temporary dividend for the financial year 2023-2024. The current Bharat Dynamics Shares Price (BDL) stands at ₹1,686.051. Market capitalization of ₹304,595 crore, with a 52-week high of ₹1,984.80 and a 52-week low of ₹878.50.
This company, operating in the defense sector, has been garnering significant investor interest. Providing essential equipment and weapons for military purposes, BDL plays a crucial role in national security. The PE ratio, indicating investor sentiment toward the company’s earnings, is at 64.03, while the dividend yield stands at 0.56%, reflecting the percentage of share price returned to investors as dividends.
Key Points
The last traded date and time for BDL stock was on March 22, 2024, at 06:31 PM IST. It’s important to note that stock prices can fluctuate based on market conditions and company performance. Therefore, anyone considering investment should conduct thorough research and seek guidance from financial experts to make informed decisions.
Bharat Dynamics Interim Dividend Announcement
The state-owned defense company has declared an interim dividend of ₹8.85 per equity share for the financial year 2023–24 and also announced the sub-division of the existing one equity share (of a face value of ₹10 each) into two equity shares (of a face value of ₹5 each).
The company has picked April 2 as the date to check who will get the interim dividend. They plan to finish paying this dividend by April 18 or earlier.
Additionally, the board approved splitting one equity share, valued at ₹10 fully paid-up, into two shares valued at ₹5 each, subject to shareholder approval. The record date for this split will be decided after shareholder approval.
Also, G Gayatri Prasad, previously the general manager (finance), has been appointed as the new chief financial officer, succeeding N Srinivasulu, who ceased serving as director (finance) and chief financial officer on January 31, 2024.
Bharat Dynamics released its financial results for the third quarter of fiscal year 2024 on January 24, 2024. The company experienced a significant 30.35% increase in revenue and a notable 61.25% rise in profit compared to the previous year. However, there was a slight downturn compared to the previous quarter, with a 2.3% decrease in revenue and an 8.2% decline in profit.
About Bharat Dynamics
Bharat Dynamics Limited (BDL) was established in 1970 in Hyderabad, India, to make missile systems for the Indian Armed Forces. It became a listed company in 2018 and has since expanded its offerings to include various defense equipment. BDL collaborates with DRDO and foreign manufacturers, aiming to support India’s defense needs and contribute to the country’s self-reliance goals.
The company is helping its vendors by giving them technical support and access to testing facilities at BDL. They’ve made the processes simpler to encourage small and new businesses to join in. BDL is also teaming up with DRDO to share technology, like making Infra-Red Flares for defense systems, to be sold to the Indian Armed Forces as a complete defense package. Right now, these items are being imported.
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