Bharat Dynamics Ltd (NSE: BDL): TheMini-Ratna Defence PSU stock Bharat Dynamics Ltd (BDL) has soared more than 17% on Friday, May 24 to reach new all-time high of Rs 1658.95.
The share price of the defence PSU company has rallied more than 70% in the last 9 Days and set new 52-week high. The 52-week low of this share is just Rs 450, representing a massive return of 268% to investors.
The defence PSU stock was performing average recently before the news came.
Bharat Dynamics Ltd Stock Split
Bharat Dynamics Limited has announced stock split. The company has declared a face value of Rs 10 will be divided into two equity shares each with Rs 5.
The defence share was trading ex-split on Friday, May 24. It is the first stock split of the company since debut.
Share Performance: 7X Return Since IPO Debut
The mini-ratna defence share listed on stock exchange at an IPO price of Rs 428 per equity shares. The stock has turned out as a multi bagger for shareholders since then as it has climbed 7X between these 6 years. The share price closed at Rs 2813.40 on Thursday, May 23 before stock split.
As per data the defence company has an order book of Rs 19,648 crore as of 1st April, 2024 which shows a great potential.
Expert View on Defence PSU Stock
The Bharat Dynamics Ltd share has been covered by 10 analysts, 7 out them has rated as ‘’Buy” while 2 has ‘’Sell” and 1 has “Hold” recommendation respectively.
Market expert sees a short-term upside rally up to 30% in this defence PSU stock.
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