Defence procurement, pipeline offer strong growth for Bharat Dynamics

Margins for state-owned firm that specialises in missiles would be range bound given higher raw material costs

Ram Prasad Sahu | Mumbai
Last Updated at December 29, 2022 22:49 IST

The company has entered air-to-surface missile systems, a new segment with a market size of $6 billion

The stock of Bharat Dynamics, the public sector defence firm, has gained more than 14 per cent in five trading sessions as brokerages reiterate buy ratings on expectations of government procurement, strong order book, growth in exports and stable operating profit margins.

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