Bharat Dynamics (BDL) has finalised a major deal with Armenia for 15 Akash Air Defence (AAD) systems with Radars, with the transaction estimated to be valued between Rs 5000-6000 crore. As per the news sources, Oman has also expressed interest in discussions with BDL for the AAD system.
Views: BDL is well positioned in terms of significant potential for export of its products (missiles, torpedoes & counter measure systems). During the recent trials, AAD system demonstrated its unique capability of engaging four ariel targets simultaneously at a range of 25 kms, making India the first country to have such capability.
Company’s order backlog stood at Rs 20766 crore as of Sep-23 (9.6x TTM revenues) with orders pipeline remains very strong (both domestic and exports), providing strong growth visibility in the coming period. Bharat Electronics will also be the beneficiary as it is involved in supplying electronics systems like Rajendra PESA radar and other sub-systems.
Let us evaluate the performance of the stock
CMP - Rs.1,716
Year High - Rs.1810
Year Low - Rs.787
Returns
1 month - 47% a jump of Rs.553
6 months - 53% a jump of Rs.595
12 months - 81% a jump of Rs.771
This video is for education purpose only. For investment decisions please consult your Financial Advisor.
Date 30 Dec 2023
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