Today you are going to tell about the share of a government company which has a great chance of earning. This company has given 100 percent return in the last one year. It is a government company in the defense sector and its name is Bharat Dynamics. Its stock closed at Rs. 345.65 this week. Its stock reached 145 rupees on 23 March 2020. In the last one year, it has given a return of 138 per cent. The 52-week high is Rs 481 and the lowest level is Rs 145. It is 28 per cent behind the highest level and 140 per cent ahead of the lowest level.
If an investor had bought 290 shares of this company on 23 March, the value of which would have been around 42000 rupees. Today, after the boom, the total value of those shares would have been around 1 lakh rupees. It has fallen by 4.65 percent on a weekly basis. The market cap of the company is 6335 crores. In fact, Bharat Dynamics Limited (BDL) on Friday signed a deal of Rs 1,188 crore with the Ministry of Defense to manufacture and supply MILAN 2T anti-tank missiles. Speaking on the deal, Bharat Dynamics Chairman and Managing Director CMD Captain Siddharth Mishra (Retd) said that the contract has strengthened the existing order book of the company. The current order book position of the company with existing contracts is more than Rs 9,000 crore.
Net profit 49 crores in December quarter
Talking about the company’s performance, the company’s net sales in the December quarter was Rs 459 crore. This is 9.72 per cent less than in December 2019, which was 508 crores last time. Net profit for the December quarter stood at Rs 49 crore, a decline of 7.50 per cent year-on-year. However, operating profit was better. Based on EBITDA, it stood at 94 crores which is 9% higher than the same quarter of 2019.
A dividend of Rs 6.70 was announced
The company announced dividend for its share holders on 12 March. The company has announced a dividend of Rs 6.70 per share, which is based on the face value of 10 rupees per share. The record date for the dividend has been kept on 20 March 2021. Dividends will be distributed to shareholders before 10 April.
Government holds about 75 percent stake
The government holds 74.93% stake in this company. Domestic Institutional Investors holds 17.77 per cent, Public has 7.2 per cent and FII has 0.12 per cent. In September 2020, the government collected a fund of 770 crores by selling 15 per cent stake in this company.
Read also, complete these 7 financial works before 31 March, otherwise it will be a big problem
.