India Dynamics Listed at Rs 360 / share with 16% discount | Best Stock Advisory

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There was another stock entry today in the stock market. There was a poor listing in the stock market of the government company of the Defense Sector, India Dynamics. India Dynamics stock at BSE is listed at Rs 360 with a discount of 15.88 per cent. On the NSE, the stock was listed at Rs 370 with a discount of 13.55%.

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Government sells 12% stake

The government has sold 12 percent stake in the company. This will also give the company the benefit of listing. Bharat Dynamics had fixed the issue price of Rs 428 per stock for the listing. 

The company's business

Is Government Enterprises under the India Dynamics Ministry of Defense. The company manufactures Surface to Air Missile, Anti Tank Guided Missile, Underwater Vipan Launcher. 

The order book

Company's current order book is stronger than Rs. 10500 crores. The company hopes that there will be good growth in the order book in the coming days. The company is in profits and there is no shortage of cash. This is expected to increase business in the coming days. In the coming days, the company's 2 manufacturing unit will start in Hyderabad and Amravati. The company will be benefited by that. 

Following the listing, after

Listing recovery in the stock, there is a little bit of recovery in the stock of India Dynamics. At present, India's Dynamix stock is trading at around Rs 394.25. The stock reached a high of Rs 402.80 in the business.

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