Other major defence PSU stocks that fell today included Garden Reach Shipbuilders & Engineers (GRSE), Mazagon Dock, Cochin Shipyard and BEML, which fell over 1% each.
Cyient DLM and Zen Technologies were laggards among private defence plays, correcting by more than 1%.
The Nifty India Defence index was down 0.7%. Select stocks witnessed buying action. Dynamatic Technologies, Data Patterns (India), Bharat Forge, Astra Microwave Products and MTAR Technologies gained up to 3%.
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Bharat Dynamics
BDL shares have been under pressure, sliding 16% in the past six months. They have slipped below their 50-day and 200-day simple moving averages (SMAs) of Rs 1,412 and Rs 1,592, respectively, according to Trendlyne. Meanwhile, one-year returns stand at 26%, which is an outperformance over Nifty’s 13% returns and BSE Sensex’s 11% returns in the same period.
The company reported a weak set of numbers in its October-December quarter of FY26. Its net profit fell 50% to Rs 73 crore in Q3FY26 from Rs 147 crore in the year-ago period. Meanwhile, total turnover plunged 27% to Rs 664 crore versus Rs 917 crore in the corresponding quarter of the last financial year.Also read: Fading vibes: Internet stocks fall up to 28% so far in 2026. Brokerages back Paytm, Groww, 5 more after Q3(Disclaimer: The recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times.)