<ul data-eligibleForWebStory="false"><li>Motilal Oswal has given Bharat Dynamics a 'Neutral' rating as they initiate coverage.</li><li>Bharat Dynamics is focusing on scaling up its revenues and order book, but with fair valuations, Motilal Oswal suggests looking for lower price points to enter the stock.</li><li>Bharat Dynamics' stock is currently trading at 70x/52x/38x P/E on FY26/27/FY28 estimates.</li><li>The company specializes in developing advanced guided missiles, underwater weapons, and airborne products. They hold an order book of ~Rs 227 billion and have a prospect pipeline of Rs 500 billion.</li></ul>

Bharat Dynamics Bags 'Neutral' Rating As Motilal Oswal Initiates Coverage — Here's Why

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