India's Bharat Dynamics up on Q3 profit jump
24/01/2024 08:55
** Shares of Bharat Dynamics BARA.NS rise 2.8% to 1,711
rupees
** Defence equipment maker said on Wednesday its Q3 profit
jumped over 61%
** Analysts covering the stock on average have a "strong
buy" rating; stock currently trading at ~23% premium to the
median PT of 1,387 rupees - LSEG data
** BARA trading above its 100-day, 200-day simple moving
averages since Nov.
** Stock gained 66% during Dec. qtr, its best quarterly gain
since June 2020
($1 = 83.1190 Indian rupees)
(Reporting by Ashna Teresa Britto in Bengaluru)
((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))
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