Buy Bharat Dynamics, target price Rs 1085: Axis Securities

Axis Securities has buy call on Bharat Dynamics with a target price of Rs 1085. The current market price of Bharat Dynamics is Rs 962. Time period given by analyst is 3 weeks 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 17494.20 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-2022.



Financials
For the quarter ended 30-06-2022, the company reported a Standalone Total Income of Rs 731.56 Crore, down -48.11 % from last quarter Total Income of Rs 1409.77 Crore and up 368.37 % from last year same quarter Total Income of Rs 156.19 Crore. Company reported net profit after tax of Rs 39.86 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 74.93 per cent stake in the company as of 30-Jun-2022, while FIIs owned 2.4 per cent, DIIs 14.58 per cent.