Add Bharat Dynamics, target price Rs 600: ICICI Securities

ICICI Securities has add call on Bharat Dynamics with a target price of Rs 600. The current market price of Bharat Dynamics is Rs 561.15. Time period given by analyst is one year when Bharat Dynamics Ltd. price can reach defined target.

Bharat Dynamics Ltd., incorporated in the year 1970, is a Mid Cap company (having a market cap of Rs 10307.74 Crore) operating in Defence sector.

Bharat Dynamics Ltd. key Products/Revenue Segments include Engineering Goods, Spares And Others, Other Operating Revenue, Job Work, Sale of services, Miscellaneous and Scrap for the year ending 31-Mar-2021.



Financials
For the quarter ended 31-12-2021, the company reported a Standalone Total Income of Rs 838.56 Crore, up 60.01 % from last quarter Total Income of Rs 524.08 Crore and up 63.19 % from last year same quarter Total Income of Rs 513.85 Crore. Company reported net profit after tax of Rs 213.26 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 74.93 per cent stake in the company as of 31-Dec-2021, while FIIs owned 1.73 per cent, DIIs 17.39 per cent.