Multibagger Stock: Bharat Dynamics share price zooms over 220% in 6 months, gains 970% in 5 years
Bharat Dynamics has stood out, experiencing a remarkable surge over the last seven months, leading to a spectacular rally in its shares.Also Read: Exit Polls Impact: 7 BSE Power stocks including Adani Power, NTPC surge to record highsFurther fueling this upward momentum, defence stocks, including Bharat Dynamics, continued their winning streak in today's trading session following exit polls indicating a decisive victory for the BJP-led NDA.Investors remain optimistic that the government will maintain its focus on strengthening the nation's defence sector and fostering greater self-reliance. With an emphasis on indigenous defence production, increased budget allocations, and policies aimed at reducing dependency on imports, the sector is poised for robust growth.
In today's trading session, Bharat Dynamics reached an all-time high of ₹1,662 per share, marking a 6.7% increase in intraday trade. Over the past six months, the stock has undergone a remarkable rally, surging from ₹487 per share to its current trading price of ₹1,596, delivering a remarkable return of 227%.
Zooming out, the stock has gained a staggering 970% in the last five years.Also Read: SBI market cap crosses ₹8 lakh crore as stock spikes over 9% to new record highBharat Dynamics split the face value of its shares from ₹10 to ₹5 and has been trading on an ex-split basis since May 24, 2024.Meanwhile, the government of India's initiatives aimed at bolstering self-reliance in providing advanced weapon systems to the Indian Armed Forces, along with clearance for export to Friendly Foreign Countries (FFCs), have created growth opportunities for BDL. The government's objective to elevate India's defence exports to US$5 billion by 2024–25 underscores the growing
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