Bharat Dynamics shares surges 16% as net profit jumps 149.51 per cent

Published On: Tuesday, June 30, 2020 | By: Team KnowMyStock

Bharat Dynamics share price surged over 18 % to Rs.355 a piece intraday on June 30 after the company reported a surge in net profit at Rs 309.72 crore in its March quarter numbers (Q4FY20) on the back of strong operational income. The company reported a 149.51 per cent surge in net profit to Rs 309.72 crore in Q4 FY20 over Q4 FY19.In the past four trading days, the market price of Bharat Dynamics has gained 36 per cent from the level of Rs 261 on the BSE. The company’s revenue from operations during the quarter rose 64 per cent to Rs 1,435 crore from Rs 877 crore in the corresponding quarter of the previous fiscal. The Board of Directors of the company have recommended a final dividend at Rs 2.55 per share (face value of Rs 10 each) for the year ended March 31, 2020, and will be paid within 30 days from the date of AGM.The company said it did not have any significant impact on the sales and operations of the company for the financial year 2019-20 on account of the Covid-19 pandemic.

Closing Bell: Sensex gains 85 points, Nifty at 18755.90

Closing Bell:Sensex gains 418 points, Nifty at 18716.15

MARKET UPDATE: Sensex rose 135 points to 62761, and the NSE Nifty50 moved 40 points higher to 18,600

Closing Bell: Sensex down 223 points, Nifty at 18,563

MARKET UPDATE: Sensex surged over 100 points to trade around 62,962 levels, whereas Nifty50 climbed over 30 points to trade above 18,650 levels

MARKET UPDATE: Sensex gained over 50 points to trade around 63,228 levels, whereas Nifty50 traded marginally above 18,700 levels

MARKET UPDATE: Sensex surged over 150 points to trade around 62,988 levels, whereas Nifty50 gained over 50 points to trade above 18,650 levels

MARKET UPDATE: Sensex traded flat at 62,777 levels, whereas Nifty50 was flat above 18,600 levels

Closing Bell: Sensex up 240 points, Nifty at 18593.85

MARKET UPDATE: Sensex rallied over 300 points, whereas Nifty50 gained over 50 points to trade above 18,600 levels

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