Defense Stock: Bharat Dynamics Ltd is one of the companies which have given stormy returns in the stock market in the last one year. Recently the shares of this government defense company were divided. Now the company has announced dividend. Let us tell you, experts seem bullish about this stock.
Stock market excited by Modi’s return, these companies made huge profits
How much dividend is the company giving?
The board meeting of the company was held on 30 May. Then the board of the company has decided to give a dividend of 85 paise on a share with face value of Rs 5. However, the company has not yet announced the record date for this dividend.
Shares were distributed last month
There was a recent divestment of defense stocks. The shares of the company were divided into 2 parts. After this stock split, the face value of shares of Bharat Dynamics Limited decreased from Rs 10 to Rs 5 per share. Earlier in April, the company had also traded ex-dividend. Then the company had distributed a dividend of Rs 8.85.
Company has given dividend 29 times, record date this week, bonus share also announced
Company’s dominance in the stock market
On Friday, the company’s shares closed at Rs 1430.30 on BSE with a rise of 4.41 percent. During the last one month, the company’s share prices have seen a rise of 51.6 percent. At the same time, investors who have held the stock for 6 months have gained 116 percent so far.
Bharat Dynamics’ share prices have seen a rise of 148 percent in the last one year. The 52 week high level of the company is Rs 1160 and 52 week low level is Rs 450.50. Let us tell you, the total stake of the government in this company is 74.9 percent.
What is the target price?
According to the report of Good Returns, brokerage firm Choice Broking Expert seems to be bullish. The firm has set a target price of Rs 1560.
