Bharat Dynamics stock extends gain for second day

The company experienced a spurt in volumes by more than 4.45 times.

Feb 28, 2019 05:02 IST India Infoline News Service

Shares of Bharat Dynamics extended gains for the second straight day in an otherwise range-bound market on the back of heavy volumes. The company experienced a spurt in volumes by more than 4.45 times.

Meanwhile, the company reported strong results for Q3FY19. Total revenues from operating activities witnessing a strong growth of 26.2% yoy to Rs1,038cr as compared to Rs822.5cr in Q3FY18. The operating profit came in at Rs312.2cr as against Rs44.5cr in Q3FY18.

Bharat Dynamics Ltd is currently trading at Rs308.90 up by Rs17.9 or 6.15% from its previous closing of Rs291 on the BSE. The scrip opened at Rs292.40 and has touched a high and low of Rs316.70 and Rs291.55 respectively.

The BSE group 'B' stock of face value Rs10 has touched a 52-week high of Rs428 on May 31, 2018 and a 52-week low of Rs224 on February 14, 2019. Last one week high and low of the scrip stood at Rs295 and Rs245 respectively.

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