Bharat Dynamics Dips on Valuation Call

  Published 1 year ago

Bharat Dynamics shares fall after Motilal Oswal rates it "neutral," citing high valuations despite strong business fundamentals.

  • Motilal sets price target at ₹1,900, indicating limited upside from current levels after 68% YTD rally.
  • Valuations are seen stretched at 70x FY26 and 52x FY27 earnings, PT based on 42x FY27 estimates.
  • Despite liking BARA's growth potential, Motilal prefers lower entry points due to the current elevated multiples.
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