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Bharat Dynamics hits new high, stock up 27% in 3 weeks ahead of Budget

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Bharat Dynamics hits new high, stock up 27% in 3 weeks ahead of Budget

Shares of Bharat Dynamics (BDL) hit a new high of Rs 507.80, up 5% on the BSE in intraday trade on Monday before the budget. Shares in state-owned defense companies have risen 27% in the past three weeks, while the S&P BSE Sensex has lost 4%.

At 09:48 am; BDL was trading 3% higher at Rs 501, while the benchmark index rose 1.4%. A total of 232,000 shares changed hands over the counters of the NSE and BSE.

BDL is an Anti-Tank Missile (ATGM) company that has been involved in underwater weapon systems and air-to-air missiles and related equipment. It is India’s only supplier of surface-to-air missiles, torpedoes and anti-tank missiles. It is the primary integrator of the Army’s Akash weapons systems. BDL has also designed and developed the Countermeasures Distribution System (CMDS) for the Indian Armed Forces (IAF).

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The company said that as of December 1, 2021, the total BDL order book was Rs 9,293 crore, with key new orders in the pipeline worth Rs 1,500 crore. On December 2, the company signed a contract with the Indian Army for the refurbishment of IGLA-1M missiles worth Rs 471.41 crore.

BDL is the perfect proxy for pre-budget PSU themes. The stock produced a multi-year breakout on the back of rising volume, signaling the start of a new bull market phase. As a result, ICICI Securities said in its budget top picks that it offers new entry opportunities to ride the next long-term rally.

BDL has been working with DRDOs and foreign original equipment manufacturers (OEMs) to manufacture and supply a wide range of missiles and allied equipment to the Indian Armed Forces. The brokerage said the company has a strong opportunity to expand its order book to Rs 23,000-25,000 crore in the next two to three years.

In FY21, BDL achieved revenue of Rs 1,914 crore at the same run rate. Revenue visibility is about four years. With DAC approved platforms including SAM (Akash) and ATGM (Astra), the increase in orders is very evident with a target price of Rs 548 on the stock.

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Laid stars Stephanie Hsu and Zosia Mamet reveal the worst gifts their romantic partners gave them | Exclusive

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Laid stars Stephanie Hsu and Zosia Mamet reveal the worst gifts their romantic partners gave them | Exclusive

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Stephanie Hsu and Zosia Mamet talk about their new series Laid, and some of the horrors of dating as millennials.
Imagine a scenario where anyone and everyone you have ever been intimate with begins to die one by one. Is it a curse? If yes, then who is cursed? These are questions that Stephanie Hsu‘s Ruby battles with in the new zany comedy, Laid. Ahead of the show’s release, Stephanie and co-star Zosia Mamet spoke exclusively with HT about their roles, the show’s unique premise, and the horrors of dating as millennials. (Also read: Dune: Prophecy star Emily Watson on working with Tabu: ‘She is a true treasure’)

Stephanie Hsu on her character’s flawed morality

Laid, created by Nahnatchka Khan and Sally Bradford McKenna, is the story of Ruby (Stephanie Hsu), who discovers that all her sexual partners are dying one by one, and she must warn them. Helping her in this unique quest is her best friend AJ (Zosia). The fun thing about Laid is that the protagonists are not the usual likeable characters. “She is totally an anti-hero of our story. I really love that,” says Stephanie, referring to Ruby’s moral greyness. “I am not a perfect person and I love playing flawed characters. But it was difficult. The creators told me that she is a total narcissist. But narcissists don’t think they are one, so I had to figure out a way to love her. For me, playing Ruby was about getting into her psychology and finding the innocent part of her – which is that she just wants love,” the actor adds.

While sitcoms usually add the best friend as the voice of reason trope, Laid diverges from that, with AJ even zanier and more morally ambiguous than Ruby. Talking about playing such a colourful character, Zosia Mamet says, “When you play not-so-likable or zany characters, people don’t believe they are that way. I don’t think AJ wakes up every morning and thinks, ‘I am absolutely crazy’. It’s about trusting the writing and finding an organic way into these characters to make them seem grounded, real, and relatable.”

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Stephanie, Zosia reveal the worst gifts they received from partners

In Laid, Ruby gives the gift of death to the men she is with, even if that is inadvertent. Ask the women about the worst ‘gift’ a partner has ever given them, and the discussions veer into the unusual horrors of modern-day dating. “I got a vintage wooden duck decoy from someone. It was broken, and I thought, ‘What does this say about our relationship?’. They didn’t know me well enough to know if I’d want this but also that they gave me something old and ailing,” Zosia says with a laugh.

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