Bharat Dynamics shoots up

Bharat Dynamics, on Saturday, informed the exchanges that the Indian Air Force, last week, successfully test fired the Akash Missiles at Suryalanka test firing range in Andhra Pradesh.

This was test fired during the Combat Guided Weapons Firing 2020 exercise to practice different engagement scenarios during conflicts to shoot down enemy planes. Several test trials have also been done in the past which were proved to be successful.

Designed and developed by the DRDO, Akash is one of the most successful, indigenously made missiles inducted into the Indian Army and Air Force. Bharat Dynamics is the manufacturer of the Missile.\

Akash is one of the missiles under IGMDP being manufactured by the company and has already supplied to the Indian Army and is expecting more orders from the IAF and Indian Army.

The PSU is also exploring to offer Akash for export to foreign countries and said it has already received export leads from some countries expressing interest in procuring the Missile.

The stock price, as expected is in the green today morning. It rose 5.5% to hit an intraday high at Rs.340, where it is currently quoting. Its 20% UC is at Rs.386.95 while 52-week high stands at Rs.481.25.