Whalesbook
Dekho, Defence Minister Rajnath Singh ne Andhra Pradesh mein Bharat Dynamics Limited ka ek ekdum naya ₹500 crore ka Naval Systems Manufacturing Facility launch kiya hai. Ye 160-acre ka complex 4 saal mein ready hoga aur desh ke underwater weapon systems ko ekdum strong banayega. Government chahti hai ki sab 'Aatmanirbhar Bharat' bane, aur ye plant usi direction mein ek bada step hai. Testing tanks se lekar advanced infrastructure tak, sab kuch hoga yahaan.
Par, itni badhiya khabar hone ke baad bhi BDL ka share Friday ko 2% neeche trade kar raha tha. Volumes bhi 30-day average se kam the, matlab investors filhaal utna interest nahi dikha rahe. Iska sabse bada reason BDL ka sky-high valuation hai. Abhi company ka Price-to-Earnings (P/E) ratio 85.57 hai, jo ki competitors jaise Hindustan Aeronautics Limited (HAL) ke 35.8 aur Bharat Electronics Limited (BEL) ke 52.9 se bohot zyada hai. Industry average bhi around 40-44 ke aas-paas hai. Matlab, market expect kar raha hai ki future mein company zabardast grow karegi, par filhaal is high price par thodi caution dikh rahi hai.
Waise toh India ka defence sector overall ekdum mast grow kar raha hai, budget bhi badh raha hai. Companies jaise BEL ke paas bhi ₹75,000 crore se zyada ka order book hai. BDL ko bhi iska fayda milna chahiye. Analysts ne bhi average target Rs 1,520 diya hai, toh kuch upside potential toh hai. Lekin agar growth expectations poori nahi hui ya market ne valuation multiple kam kar diya toh stock par pressure aa sakta hai.