The latest news on Bharat Dynamics share price comes from ICICI Securities, which has issued a Buy Call and a new Target Price for the company.
Bharat Dynamics’ current market price is Rs 985.3 with a market capitalization of Rs 18,104.52 Crore. Recently, ICICI Securities issued a Buy Call on the company with a new Target Price of Rs 1175.
Bharat Dynamics Limited (BDL) is a government-owned defense company in India that is engaged in the manufacture of guided missiles and allied defense equipment. The company was established in 1970 and has its headquarters in Hyderabad, Telangana.
BDL’s product range includes surface-to-air missiles, anti-tank guided missiles, underwater weapons, and launchers. The company also provides refurbishment and life extension services for missiles and related equipment.
According to the financial report for the quarter ending on 31-12-2022, Bharat Dynamics Limited (BDL) has recorded a Standalone Total Income of Rs 498.02 Crore, representing a negative variance of -14.10 % compared to the preceding quarter’s Total Income of Rs 579.79 Crore, and a considerable decrease of -40.61 % when compared to the Total Income of Rs 838.56 Crore recorded in the corresponding quarter of the previous year. The company’s bottom line was able to register a net profit after tax of Rs 83.74 Crore in the latest quarter.
The following fields are related to Bharat Dynamics stock price targets and analyst recommendations for all analysts or brokerage firms:
Target High Price- This field represents the highest price that an analyst or brokerage firm has set for a Bharat Dynamics stock. It can be used to indicate potential upside for a stock.
Target Low Price- This field represents the lowest price that an analyst or brokerage firm has set for a Bharat Dynamics stock. It can be used to indicate potential downside for a stock.
Target Mean Price- This field represents the average price that all analysts or brokerage firms covering a Bharat Dynamics stock have set. It can be used to give an overall view of market sentiment towards a stock.
Target Median Price- This field represents the middle value of all the price targets set by analysts or brokerage firms covering a Bharat Dynamics stock. It can be used to indicate the most common price target for a stock.
Recommendation Mean- This field represents the average recommendation for a Bharat Dynamics stock from all analysts or brokerage firms covering it. It is often represented on a scale of 1 to 5, with 1 being a strong buy and 5 being a strong sell.
