Bharat Dynamics stocks gain on signing Rs499cr deal with Defence Ministry
Fri, Jul 9, 2021 11:34 AM

Bharat Dynamics stocks gain on signing Rs499cr deal with Defence Ministry

A Flip by Flipitnews
Get it on Google Play
Bharat Dynamics Limited (BDL) inked a deal worth about Rs499cr with the Ministry of Defence for the manufacture and supply of Akash Missiles to the Indian Air Force. Additionally, with the approval from the Union Cabinet regarding the export of the Akash Weapon System, the company is exploring options to export Akash to foreign countries. Post this news, the stocks gained considerably on Friday.

More great flips

Dollar on defensive after dovish Powell, debt ceiling setback

Dollar on defensive after dovish Powell, debt ceiling setback

The dollar nursed losses against the yen and euro on Monday following a surprise breakdown in U.S. debt ceiling negotiations and after Fed chair Jerome Powell indicated a preference to slow rate hikes. The greenback slipped 0.15% to 137.715 yen at the start of the week, having snapped a six-day winning streak on Friday and pulling back from a six-month peak. The euro added 0.14% to $1.0822.

Open Flip
Asian stocks mostly higher as US debt deal revives confidence

Asian stocks mostly higher as US debt deal revives confidence

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.4% early Tuesday. The index is down 1.3% so far this month. Australian shares were up 0.03% while the Nikkei stock index slipped 0.28%, cooling a bit after the Japanese benchmark hit a 33-year high on optimism over the U.S. debt deal and a weaker yen. Hong Kong's Hang Seng Index climbed 0.31% while China's CSI300 Index dipped 0.06%.

Open Flip
Trade Spotlight | Your strategy for these 3 stocks

Trade Spotlight | Your strategy for these 3 stocks

The market reported a half-a-per cent gain on May 29, continuing with the up-trend for the third straight session on the back of positive trends in Asian counterparts. The BSE Sensex climbed over 340 points to 62,846. Stocks that were in action included: 👉🏻eClerx Services 👉🏻Mahindra Lifespace Developers 👉🏻Macrotech Developers

Open Flip

Join our Smart Investment Community

More than 1 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon