1. Bharat Dynamics Limited, a defense stock, saw a 3% increase in trading after announcing a 1:2 stock split and an interim dividend of Rs. 8.85 per equity share.
2. The company's market capitalization is Rs. 31,068 crore, with shares trading at Rs. 1,695.10, up 2% from the previous day's closing price.
3. The board of directors approved a 1:2 stock split, dividing one equity share into two, and set April 2, 2024, as the record date for dividend eligibility.
4.Bharat Dynamics Limited manufactures and supplies missiles and allied defense equipment, including various types of missiles.
5. The company's order book as of January 2024 stood at Rs. 20,070 crores, with products like lightweight torpedoes, Akash SAM, and Astra missiles.
6. Operating revenue increased by 30.30% from Q3 FY23 to Q3 FY24, reaching Rs. 602 crore, while profits rose from Rs. 84 crore to Rs. 135 crore.
7. Bharat Dynamics Limited reported a return on equity (ROE) of 11.3%.