India's Bharat Dynamics hits record high after report of a major order

Bharat Dynamics

27/05/2025 07:19

** Shares of Bharat Dynamics BARA.NS rise as much as 4.3% to a record high of 1991.5 rupees; last up 2.2%

** Moneycontrol reports India's defence ministry is preparing a procurement order for 500 Invar anti-tank guided missiles from the state-run defence equipment maker

** Order worth 20-30 bln rupees ($235-$352 mln), report says

** BARA is due to release quarterly results later on Tuesday

** BARA shares up 70% YTD, while broader Nifty mid-cap 100 .NIFMDCP100 is flat

 ($1 = 85.2100 Indian rupees)

 (Reporting by Bharath Rajeswaran in Bengaluru)

 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))