Bharat Dynamics Share Price Target 2024: Defence PSU stock may touch Rs 1,600 level in one week - Details

Bharat Dynamics Share Price Target 2024: Shares of Bharat Dynamics Ltd surged over 3.5 per cent in the early trade on Friday even as benchmark equity indices declined amid profit-taking after a record rally in the previous day and fresh foreign fund outflows. The counter opened at Rs 1502.45 and surged 3.5 per cent to touch an intraday high of Rs 1543.05. The scrip has closed at Rs 1490.80 on the BSE in the previous trading session.

The stock of the aerospace and defence company, which has a market cap of around Rs 56,214 crore, has a 52-week high and low of Rs 1,660 and Rs 450.50.

Bharat Dynamics Share Price Target 2024

According to Zee Business panellist and market expert Sumit Bagaria, there is good momentum in this stock and investors can buy this stock for a target of up to Rs 1,600 in one week.

Bharat Dynamics Share Price Target 2024 

Price - 1502.45

Target - Rs 1,575/1,600

Stop loss - 1,475

Bharat Dynamics Share Price History

The public sector defence equipment manufacturer is one of the mulitbaggers stocks and has given a return of 176 per cent in one year. It has already gained over 77 per cent so far this year.

Bharat Dynamics Stock Split 

The stock of Bharat Dynamics recently split into a 1:2 ratio. This means that the stock with a face value of Rs 10 each split into two to the face value of Rs 5 each with effect from May 24, 2024.

Bharat Dynamics Dividend 

Meanwhile, the company has declared a final dividend of Rs 0.85 per share with a face value of Re 5 each for the financial year 2024. 

Disclaimer: The advice to invest in stocks here has been given by the brokerage house. These are not the views of Zee Business. Consult your advisor before investing.