Bharat Dynamics wins order worth Rs 1,307 crore from Indian Navy

Shares of Bharat Dynamics Ltd ended on flat note even as the firm said it has inked a contract worth Rs 1,307 crore from Indian Navy. The contract is to be executed within 42 months.The contract is for the supply of heavyweight torpedoes. The nature of the order is domestic.

"We wish to inform that BDL has signed a contract on 15 October 2026 for supply of Heavyweight torpedoes, valued at approximately Rs 1,307 Crore + taxes to be completed within 42 months," said Bharat Dynamics.

Shares of Bharat Dynamics ended 0.10% lower at Rs 1126.90 on BSE today. Market cap of the firm fell to Rs 41,307 crore. The defence stock opened lower at Rs 1124 on BSE. Total 0.43 lakh shares of the firm changed hands amounting to a turnover of Rs 4.86 crore. The stock climbed to its 52-week high of Rs 1633 on November 14, 2025 and fell to a 52-week low of Rs 1048.25 on October 8, 2026.

Bharat Dynamics stock stands higher than the 5 day, 10 day, 20-day but lower than the 30 day, 50-day, 100-day, 150 day and 200-day moving averages. The stock has slipped 16 per cent six months and risen 125 per cent in three years.

Bharat Dynamics is engaged in the manufacturing of missiles and allied defence equipments. The company provides majority of its goods and services to the Indian Armed forces and government of India.