Despite a broad decline in the Indian stock market on Thursday, Bharat Dynamics Limited (BDL) emerged as a standout performer. While the Sensex slipped over 400 points in early trade and failed to enter positive territory through the day, BDL’s stock surged by 7.2%, hitting an intraday high of ₹1,628.60.

Big Boost from Government Defence Order

The sharp rally in BDL shares came on the back of two key developments — robust Q2FY26 results and a major defence order from the Government of India.
The Ministry of Defence has awarded BDL a contract worth ₹2,095.70 crore for supplying the Invar Anti-Tank Guided Missiles to the Indian Army. According to the company’s exchange filing, the order will be executed over a period of three years.

Strong Quarterly Performance

BDL reported a stellar performance in the September quarter:

• Net Profit: ₹216 crore, up 76.2% from ₹123 crore last year
• Revenue: ₹1,147 crore, doubling with a growth of 110.6%
• EBITDA: Up 90% to ₹188 crore
• EBITDA Margin: Declined by 170 basis points to 16.4%

The strong revenue and profit jump reflect rising demand for advanced missile systems and consistent government orders.

Investor Confidence Remains High

BDL has delivered impressive returns for investors:

• 1-year return: 63.71%
• Year-to-date (2025): 42.93% up
• Last 3 months: Up 2.75%
• Last 1 month: Gained 8.8%

The share’s steady upward trajectory highlights bullish investor sentiment and confidence in the company’s long-term growth prospects.

Conclusion

In a market overshadowed by volatility, Bharat Dynamics Limited has once again proven the resilience of India’s defence manufacturing sector. A strong quarterly performance combined with a significant defence contract has pushed the company’s stock sharply higher, making BDL one of the day’s top winners despite the market downturn.