By Admin 
Bharat Dynamics Limited Share: Despite increasing the target price on the share of Bharat Dynamics Limited (BDL), a government company that makes Defense Equipment, Brokerage House Elara Securities have estimated a 25 -percent decline. Elar has reduced the BDL rating on Wednesday, 2 July to ‘Sell’ from ‘Accumulate’. At the same time, the target price has been increased from Rs 1,360 to Rs 1,480, which is still 25 % less than the market price.
Why reduced ratings?
Elara wrote in one of her notes, “The margin of Bharat Dynamics is likely to be in a range of 16 to 18 percent between 2026-27, which is 400 to 600 basis points below before before.” Brokerage says that the company is making good products. He also has a strong order book of 22,100 crores, but has reduced the rating due to decrease in margin and high valuation. Brokerage also believes that India is growing at the rate of 30 percent CAGR during the revenue financial year 2025-2027.
Elara further said, “Recently, the quality of the products included in the portfolio of India Dynamics in the event of tension between India and Pakistan, this will provide many opportunities in the export market.” However, the lowering ratings than the margin expected have been reduced and the current share price already includes all the positives. Elara hopes that the tender will be taken out in the fourth quarter of the current financial year for Quick Reaction Surface to Air Missile (QRSAM).
The rest of the analysts gave this rating
Of the 10 analysts who covered India dynamics, 5 have rated ‘Buy’, 4 ‘Hold’ and 1 have given the rating of ‘Sell’. India Dynamics shares are trading at 1,968.1 on Wednesday at 0.6 percent. The stock has been flat in the last one month, but has climbed up to 73 % in 2025 so far.
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