With this contract, the company said its overall order book position stands at Rs 11,400 crore (net) including the Konkurs-M contract signed on Wednesday. Get more Markets News and Business News on Zee Business.
The contract signed a day ago will be executed in three years. On a net basis, the order book position of Bharat Dynamics stands at Rs 11,400 crore including the latest pact.
Read more about Bharat Dynamics zooms 10% on inking Rs 3,132 cr contract with Indian Army on Business Standard. With this contract, the company''s order book position stands at Rs 11,400 crore (net), BDL said in an exchange filing.
The Environmental Test Facility will consist of Vibration testing facility, Thermal chamber and Walking Chamber for a whole Torpedo.
Flanigan''s Enterprises Inc. (BDL) shares closed this week 25.5% higher than it did at the end of last week. The stock is currently up 80.8% year-to-date, up 101.6% over the past 12 months, and up 85.4% over the past five years. This week, the Dow Jones Industrial Average rose 0.3%, and the S&P 500 rose 0.5%. Trading Activity Shares traded as high as $37.40 and as low as $27.88 this week.Shares closed 2e+1% below its 52-week high and 2e+2% above its 52-week low.Trading volume this week was 25.2% lower than the 10-day average and 85.5% lower than the 30-day average.Beta, a measure of the stocks volatility relative to the overall market stands at 0.0. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.MACD, a trend-following momentum indicator, indicates an upward trend.The stock closed below its Bollinger band, indicating it may be oversold. Market Comparative Performance The company's share price beats the S&P 500 Index this week, beats it on a 1-year basis, and lags it on a 5-year basis The company's share price beats the Dow Jones Industrial Average this week, beats it on a 1-year basis, and lags it on a 5-year basis The company share price beats the performance of its peers in the Communication Services industry sector this week, beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 116.9% The company's stock price performance over the past 12 months lags the peer average by -15.7% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
FORT LAUDERDALE, Fla., May 24, 2021 /PRNewswire/ -- FLANIGAN''S ENTERPRISES, INC., (NYSE AMERICAN: BDL) owners and operators of the "Flanigan''s Seafood Bar and Grill" restaurants and "Big Daddy''s" retail liquor stores, today announced results for the 13 weeks and the 26 weeks ended April
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Flanigan''s Enterprises Inc. shares closed today at 1.7% below its 52 week high of $21.65, giving the company a market cap of $39M. The stock is currently up 7.8% year-to-date, down 2.8% over the past 12 months, and down 2.5% over the past five years. This week, the Dow Jones Industrial Average fell 0.9%, and the S&P 500 fell 1.5%. Trading Activity Trading volume this week was 76.9% higher than the 20-day average.Beta, a measure of the stocks volatility relative to the overall market stands at 0.0. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.MACD, a trend-following momentum indicator, indicates a downward trend.The stock closed above its Bollinger band, indicating it may be overbought. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Communication Services industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock priceperformance year-to-date beats the peer average by 10.1% The company's stock price performance over the past 12 months lags the peer average by -110.0% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
Flanigan's Enterprises announce their quarterly, annual earnings. See the latest EPS estimates. Listen to the conference call and remind yourself by…
NEW DELHI: The government is planning to sell up to 10 per cent stake in defence PSU Mishra Dhatu Nigam Ltd (MIDHANI) in the current fiscal ending March, an official said. The company got listed on stock exchanges in April 2018 and the government had raised Rs 438 crore by selling 26 per cent stake through IPO.The official said that with the opening of space sector to foreign investment and bringing defence sector under automatic route for 74 per cent foreign direct investment (FDI), MIDHANI shares are expected to attract investors. MIDHANI manufactures special steel and super alloys for use in defence, nuclear and space sectors. "We are looking at up to 10 per cent stake dilution via offer for sale," the official said. Shares of MIDHANI closed at Rs 193.50 apiece on the BSE on Friday. At the current market price, the government can raise about Rs 360 crore by selling 10 per cent stake in the company.The official further said that with big ticket divestment plans hit by the Covid-19 pandemic, the government is readying public sector companies for minority stake sale in the remaining months of current fiscal.So far this fiscal, the government has raised Rs 6,138 crore by selling minority stake in Hindustan Aeronautics Ltd and Bharat Dynamics Ltd through offer for sale so far this year.
The government has raised Rs 770 crore from stake sale of ammunition and missile systems manufacturer Bharat Dynamics Ltd through an offer for sale, which concluded on Wednesday.“BDL OFS concluded today with a total subscription of about 2.34 crore shares worth Rs 770 crore from institutional and retail investors,” secretary of department of investment and public asset management (DIPAM) Tuhin Kanta Pandey said.“This issue will help the company achieve minimum public shareholding (MPS) norms,” he said in a Twitter post.The government had planned to sell 15% of its 87.75% shareholding in the defence central public sector enterprise via OFS, with the intent of getting over Rs 900 crore. It had kept the shares at a floor price of Rs 330 apiece. While the OFS was subscribed 1.40 times by non-retail investors, including the government, which decided to exercise the green shoe option, the retail portion of the OFS saw fewer takers despite a Rs 20 per share discount.This was the second divestment via offer for sale by the government in the current financial year.
New Delhi: The offer for sale of Bharat Dynamics Ltd has been oversubscribed 1.4 times by non-retail investors on the first day and the Union Government has decided to exercise the "green shoe" option. "Offer for Sale of 15 per cent Govt shares in BDL got good response on day one and was subscribed 1.40 times by non-retail investors. Govt has decided to exercise the green shoe option," said a tweet by Twitter handle of the Secretary of Department of Investment and Public Asset Management (DIPAM). Green shoe refers to the option of over-allotment of shares. The tweet said that retail investors get chance to bid on Wednesday with a discount of Rs 20 on the cutoff price. A regulatory filing by the company said: "We wish to exercise the complete Oversubscription Option to the extent of 5 per cent of the total paid up equity share capital of the Company as on June 30, 2020 in addition to the Base Offer Size. Accordingly, the total Offer Size will be 15 per cent of the total paid up equity share capital of the Company as on June30, 2020." Shares of Bharat Dynamics plunged nearly 14 per cent on Tuesday on the government's proposal to sell up to 15 per cent stake in the PSU through an offer for sale (OFS).
By Abhishek Vishnoi and Jeanny YuThe first deadly face-off between Indian and Chinese troops in more than four decades adds another layer of uncertainty to companies already reeling from the coronavirus pandemic on both sides of the border.The clashes that left 20 Indian soldiers dead, along with an unknown number of Chinese casualties, followed a seven-week military standoff between the two nuclear-armed powers. While India in a statement late Tuesday said it remains committed to peace on the border with China, an escalation risks disruption for firms from Alibaba Group Holding Ltd. and Xiaomi Corp. to Tata Motors Ltd. that have customers — and investors — in two of the world’s biggest economies.“A gamut of companies importing parts or capital from China will have to find alternative sources quickly if tensions escalate,” said Aneesh Srivastava, chief investment officer at Star Health and Allied Insurance Co. “The makers of white goods, luggage bags, auto components and some of the e-commerce companies may have to rework their business strategy.”Swathes of Indian businesses that rely on raw materials from China suffered in the initial phase of the outbreak that shuttered plants that feed the global supply chain with all sorts of industrial parts.
New Delhi: The Department of Investment and public Asset Management (DIPAM) will put 15 per cent of government stake on sale in Defence PSU Bharat Dynamics Ltd under the Offer for Sale (OFS) route and has invited merchant bankers to bid for the mandate to take it forward. The Gol intends to disinvest 15 per cent paid up equity capital of BDL out of its shareholding of 87.75 per cent, through OFS method of shares by promoters through the stock exchanges', DIPAM said. Its current share price is Rs 305.90. It was listed in 2018. It did not give a time frame but sources said the OFS is being planned for current fiscal. Disinvestment department is learnt to have drawn up a list of relatively better performing CPSEs including bluechips like Nalco, NMDC, NTPC, and Coal India to go for Offer for Sale. National Aluminium Co Ltd, Coal India Ltd, NTPC Ltd, NMDC Ltd, and NBCC (India) Ltd, Bharat Electronics Ltd, National Fertilisers Ltd and Hindustan Co pper Ltd, are on the list of probables for OFS where the government's shareholding in these companies is in the range of 52-82 per cent.