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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

Topics
Bharat Dynamics | defence sector | Compass

Ram Prasad Sahu  |  Mumbai 



Bharat Dynamics Ltd Akash Weapon System
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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First Published: Thu, December 29 2022. 17:27 IST

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