India's Bharat Dynamics rises on $508.5 million order win

Bharat Dynamics

26/03/2025 08:25

** Shares of Bharat Dynamics BARA.NS rise as much as 3.2% to 1,357.70 rupees

** Missile manufacturer says it has signed a contract worth 43.62 billion rupees ($508.5 million) with the Ministry of Defence for the supply of armaments to Indian armed forces

** More than 1.8 million shares change hands, 1.2x of 30-day avg

** Avg rating of seven analysts equivalent of "Buy", median PT is 1,355.50 rupees - LSEG data

** Stock up 19.2% YTD

($1 = 85.7775 Indian rupees)

(Reporting by Ashish Chandra in Bengaluru)

((ashish.chandra@thomsonreuters.com (+91 7982114624))