External broker reports(aggregated public sources), ICICI Securities Ltd

ICICI Securities Limited

External broker reports(aggregated public sources)

ICICI Securities Ltd

ICICI Securities Limited provides investment services. The Company provides corporate and investment banking, securities, wealth management, retail brokerage, initial public offerings, and advisory services. 

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Equity Bottom-Up

<ul><li>Bharat Dynamics (BDL) reported a healthy Q3FY25 performance.</li><li>Key points: 1) EBITDA (adj. for provisions created) sored 120% YoY to INR 2.6bn while revenue surged 34% YoY to INR 7.9bn.</li><li>2) Estimated order book (OB), as on date, is at INR 200bn, of which nearly INR 20bn is from exports.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Bharat Dynamics (BDL) reported a healthy Q3FY25 performance.Key points: 1) EBITDA (adj. for provisions created) sored 120% YoY to INR 2.6bn while revenue surged 34% YoY to INR 7.9bn.2) Estimated order book (OB), as on date, is at INR 200bn, of which nearly INR 20bn is from exports.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Bharat Dynamics - Conspicuous Execution Uptick

India

Bharat Dynamics Limited (BDL) manufactures defense equipment. The Company offers ammunitions, counter measures dispensing, infra red interference indicators, and missile systems. BDL serves military and aerospace industries in India.

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