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.
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.
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.