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#BharatDynamics | DIPAM: #OFS of 15% Govt shares in BDL got good response, was subscribed 1.40 times by non- retail investors.

Govt to exercise the #greenshoe option. Retail investors get chance to bid tomorrow with a discount of Rs 20 on the cut off price.
#BharatDynamics Large Trade | 3.82 lakh shares (0.21% equity) worth Rs 45.15 cr change hands at an average of Rs 1,181.4/share
#BharatDynamics cuts FY24 revenue guidance on #Israel supply concerns

Guidance to ₹2,900 crore to ₹3,000 crore from ₹3,200 crore earlier for financial year 2024, according to a note from brokerage firm Elara Capital.

However, the company expects to touch ₹4,000 crore in revenue in financial year 2025 and hit the ₹5,000 crore mark in financial year 2026, led by the execution of the Astra Mk1 Beyond Visual Range Air-to-Air missile, ATGM, Akash and exports.