Bharat Dynamics Limited (BDL) shares climbed 2.56 per cent to ₹1,278.90 in Friday’s trading after the Defence Acquisition Council (DAC) cleared capital acquisition proposals valued at over ₹54,000 crore. The stock reached an intraday high of ₹1,317.65, reflecting investor optimism that BDL will benefit significantly from the approvals.
The DAC’s clearance specifically includes procurement of Varunastra Torpedoes, positioning BDL as a potential key beneficiary of the defence enhancement initiative. The company, which specialises in manufacturing guided weapon systems, is expected to play an important role in fulfilling these new defence contracts.
- Read also: Trending Stocks LIVE: Manappuram Finance soars 6%, Bajaj Finance up 3%, Bharat Dynamics, ITC & Voltas share prices in focus
Trading data shows BDL opened at ₹1,270.00, compared to the previous close of ₹1,247.00. The stock maintained strong performance throughout morning trading, with a low of ₹1,265.25 recorded as of 11.35 am on March 21, 2025.
The latest defence acquisition approvals are part of ongoing efforts to strengthen India’s defence capabilities through domestic manufacturing under various self-reliance initiatives.
