Defence procurement, pipeline offer strong growth for Bharat Dynamics.

The stock of Bharat Dynamics, the public sector defence firm, has gained more than 14 per cent in five trading sessions as brokerages reiterate buy ratings on expectations of government procurement, strong order book, growth in exports and stable operating profit margins.
The trigger is news that the state’s Defence Acquisition Council has approved 24 capital acquisition proposals worth Rs 84,300 crore and including a missile system for the Indian Air Force. Amit Dixit of ICICI Securities and other analysts say that specifics for contracts, timeline or category-wise break up is not available, but they expect Bharat Dynamics to benefit the most (for missile systems) among listed firms. ICICI Securities believes that the proposals do not have a long gestation period and their execution might be quick.
The company has entered air-to-surface missile systems, a new segment with a market size of $6 billion. Bharat Dynamics will make the smart anti-airfield weapon (HELINA) and the anti-radiation missile Rudram as part of India’s indigenisation of defence manufacturing.

Comments

Post a Comment

Popular posts from this blog

‘Am not Jesus Christ’: BJP leader Annamalai takes a swipe at TN minister PTR

Image
CHENNAI:  Tamil Nadu’s Bharatiya Janata Party (BJP) chief K Annamalai on Thursday justified his outburst on Twitter against state finance minister Palanivel Thiaga Rajan, saying he wasn’t Jesus Christ to turn the other cheek when the minister insults him. “They speak of social justice but how many first-generation politicians have come up in the DMK?” said the former Indian Police Service (IPS) officer who quit his job in 2019 and joined the BJP. Annamalai, who unsuccessfully contested the 2021 assembly elections, was appointed as the state’s BJP chief 2021, the youngest party leader to hold the post. He is 38. “And if someone like that does come up, you use abusive language and your I-T wing. I’m not Jesus Christ to turn my other cheek if you slap me. If you hit me, I will hit back. If you are aggressive, I’ll come at you with double aggression. If the DMK engages in respectful politics, I’ll be doubly respectful. The DMK has to forget its old way of doing politics by ...
Read more

Community seed bank initiative traces & restores heritage rice varieties in Tamil Nadu.

Image
 C ommunity seed banks have been promoted by  identification of willing farmers based on location with assistance from local NGOs in 24 districts -- Ariyalur, Chengalpattu, Coimbatore, Dharmapuri, Dindugul, Erode, Kanchipuram, Karur, Madurai, Mayiladurai, Nagapattinam, Pudukottai, Ramanathapuram, Ranipettai, Salem, Sivagangai, Tenkasi, Thanjavur, Thoothukudi, Thiruvannamalai, Thiruvarur, Tiruchirappalli, Villupuram & Viruthunagar. A lead farmer cultivates one to many traditional varieties in his farm, a part of which when harvested is shared and distributed to other interested farmers in the neighboring localities and districts with or without payment. This is an informal structure with voluntary participation. A seed bank capital of Rs. 2000 was distributed to each beneficiary farmer to strengthen the heritage rice community seed banks. The initiative by SASTRA Deemed to be University, with support from the Science and Heritage Research Initiative (SHRI) programme of the ...
Read more

Ganesh and Siddhi

Image
Ganesh and Siddhi 10th-11th century India Buff sandstone Ganesh, the Hindu god of success, was the son of the goddess Parvati. He is also worshipped as the deity of doorways, education, knowledge, wisdom, and wealth. According to myth, Ganesh's mother created him. Parvati made her young son guardian of her boudoir. One day, Shiva came to Parvati’s chamber, and Ganesh refused him entrance. Shiva was enraged, and—not recognizing Ganesh—cut off the boy’s head. When Parvati saw what had happened, she was inconsolable. In an effort to soothe her, Shiva replaced Ganesh’s severed head with that of an elephant and accepted him as his son. Siddhi, the personification of spiritual power and one of Ganesh’s consorts, perches on his leg holding a basket of round sweets called laddus, which represent the rewards of living a wise life. The tusk in Ganesh’s lower right hand signifies self-sacrifice. He broke it off so that he could use it to write the sacred epic poem the Mahabharata....
Read more