The announcement was made during market hours today, 11 June 2019.

Meanwhile, the S&P BSE Sensex was up by 245.49 points or 0.62% to 40,030.01

On the BSE, 10,000 shares were traded in the counter so far compared with average daily volumes of 6,724 shares in the past two weeks. The stock had hit a high of Rs 304.85 and a low of Rs 281.85 so far during the day. It hit a 52-week high of Rs 407.50 on 15 June 2018 and a 52-week low of Rs 224 on 14 February 2019.

Bharat Dynamics announced that the company has signed a contract worth Rs.1187.82 crore for supply of heavy weight torpedoes. The contract has to be executed in next 42 months.

Bharat Dynamics reported a 63.1% slide in net profit to Rs 124.13 crore on a 57.1% decline in the net sales to Rs 859.47 crore in Q4 March 2019 over Q4 March 2018.

Bharat Dynamics designs and manufactures under water guided weapon systems.