On Monday, Shares of Bharat Dynamics Limited (BDL) hit a new high record of Rs 976.35 on the BSE, rallying 6% in the intra-day trade resulting strong growth outlook. The company expects an order book of Rs 25,000 crore in the next two years.

The State-owned Defence Company’s stock was estimated higher for a sixth consecutive day, surging 20%. In comparison at 09:21 am, the S&P BSE Sensex was down 0.27% at 58,680 points.

In the past year, BDL’s stock price has doubled or has zoomed 140%, against a 0.53% decline in the benchmark Sensex. BDL is seemed engaged in the Missiles and allied Defence Equipments manufacturing. The company mainly provides its goods and services to the Indian Armed forces and the Government.

As on May 26, 2022, the company’s Gross order book position was approx. Rs 13,140 crore. In its FY22 Annual Report, BDL said the company would witness high growth in the coming years. “We expect an order book worth Rs 25,000 crore in the next two years,” BDL said.

Restriction Imposed by the Government on a negative list of imports in different phases has opened up. An opportunity to receive continuous orders from the Indian Armed Forces in the ensuing years will help sustain the BDL order book and further the growth of the Company. In the export market, there seems to be an interest in BDL’s products like Akash weapon Systems from potential buyers. To further merge the order book of the company, there is a massive emphasis by BDL on the necessity of realising export orders.

“The company aims to enter and expand its footprints in the global market. BDL has ventured into the Export Market by exporting the Light Weight Torpedoes 10 to a friendly foreign country, ushering in the Government’s ‘ease of doing business environment. It has opened up opportunities for the Company to export its products to friendly countries. BOL has received several leads from friendly countries to export its products,” the company said.