By Admin 
Bharat Dynamics Share News: A decline is being seen in the Indian stock market on Friday, the last trading session of the week. Both the major benchmark indices BSE Sensex and NSE Nifty 50 are trading in the red.
On the other hand, the shares of defense company Bharat Dynamics are seeing a rise. The company’s shares are flying like a rocket. Bharat Dynamics has received an order worth Rs 2000 crore. Besides, the company’s quarterly results for the month of September were also strong. For this reason, the shares of the company are seeing a rise.
Company’s condition in share market
Shares of Bharat Dynamics were trading at Rs 1608.45 on BSE at around 11:30 am. A rise of 5.93 percent or Rs 90 was seen in the company’s shares. The company shares started the trading day trading in the green. Company stocks opened at Rs 1590.10. The 52 week high level of the company has been Rs 2096 and low level has been Rs 897.15.
What does the brokerage firm have to say?
According to a report published in Hindustan News, according to brokerage firm Motilal Oswal, Bharat Dynamics shares may see a rise of 32 percent in a year. The brokerage firm has predicted that there will be a jump in the company’s profits in the coming three years.
Also, the brokerage firm has maintained the share buying advice and increased the target price of the share from Rs 1900 to Rs 2000.
Reason for rise in shares
The company’s results were strong in the month of September. Due to which the supply chain of the company can improve. The company’s work has gained momentum due to improvements in the supply chain. Also, the company received orders for Invar anti-tank missiles worth Rs 2,000 crore on Thursday. Due to all these reasons, the shares of the company are seeing a rise.
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