India's Bharat Dynamics falls on reporting lower annual turnover

Bharat Dynamics

02/04/2024 06:03

** Shares of Bharat Dynamics  BARA.NS  down 3.1% to 1,718.5
rupees 
    ** Defence equipment maker said it recorded a turnover of
about 23.50 bln rupees ($281.9 mln) for FY24, down 5.6%
year-on-year 
    ** Reduction in turnover is mainly on account of current
geopolitical situation prevailing in Europe and Middle East
which has affected the supply chain of the company - BARA
    ** Average rating of six analysts close to equivalent of
"buy"; median PT is 2,010 rupees - LSEG data
    ** Including session's move, stock up 0.33% YTD 


($1 = 83.3550 Indian rupees)

 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))