Bharat Dynamics looking like it's about to launch into new orbit
Bharat Dynamics Ltd. is one of the leading defence PSUs in India engaged in the manufacture of Surface to Air missiles (SAMs), Anti-Tank Guided Missiles (ATGMs), Underwater weapons, Launchers, Counter Measures Dispensing System (CMOS) and Test Equipment. The Company is engaged in the business of refurbishment and life extension of stored and deployed missiles. It is the sole manufacturer in India for SAMs, torpedoes, ATGMs.
Bharat Dynamics Ltd. CMP is 1729.40. The Negative aspects of the company are High Valuation (P.E. = 66.5), Declining annual net profit. The positive aspects of the company are No debt, Zero promoter pledge, MFs are increasing stake, Improving cash from operations annual.
Entry can be taken after closing above 1730. Targets in the stock will be 1834 and 1926. The long-term target in the stock will be 1995. Stop loss in the stock should be maintained at Closing below 1600.
The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
Bharat Dynamics Ltd. CMP is 1729.40. The Negative aspects of the company are High Valuation (P.E. = 66.5), Declining annual net profit. The positive aspects of the company are No debt, Zero promoter pledge, MFs are increasing stake, Improving cash from operations annual.
Entry can be taken after closing above 1730. Targets in the stock will be 1834 and 1926. The long-term target in the stock will be 1995. Stop loss in the stock should be maintained at Closing below 1600.
The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
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