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

Virgin Galactic Stock: Buy, Sell, or Hold?

Virgin Galactic Stock: Buy, Sell, or Hold?

Virgin Galactic has $800 million in cash and marketable securities, down from $910 million in 2023, which it's using to fund its capital investment program. The company expects to burn through its cash before its Delta-class spacecraft is launched in 2026, and it has a $425 million convertible security note due in 2027. Despite this, the company believes its Delta spacecraft will be profitable.

Open Flip
3 Breakout Growth Stocks You Can Buy and Hold for the Next Decade

3 Breakout Growth Stocks You Can Buy and Hold for the Next Decade

3 high-growth stocks to consider for the next decade are: 📌Super Micro Computer's revenue and earnings grew 37% and 115% in fiscal 2023, with expected growth of 110% and 102%. 📌CrowdStrike's revenue and adjusted EPS grew 36% and 101% in fiscal 2024, with expected growth of 30-31% and 27-30%. 📌Duolingo's revenue rose 44% in 2023, and analysts expect growth of 38% and 357%.

Open Flip
Forget Agree Realty, Buy This Magnificent REIT Stock Instead

Forget Agree Realty, Buy This Magnificent REIT Stock Instead

Agree Realty, a net-lease REIT, has increased its dividend annually for nine years, with a 6% compound annual dividend growth rate. However, Realty Income, a larger net-lease REIT, has a superior dividend record, with 30 consecutive years of annual dividend increases and a 4% annual dividend growth rate. Realty Income's larger scale provides benefits, including easier access to capital markets.

Open Flip

Join our Smart Investment Community

More than 2 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon