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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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Pahalgam Attack

Pachigam attack aftermath: International airlines avoid Pakistani airspace amid tensions with India

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Pachigam attack aftermath: International airlines avoid Pakistani airspace amid tensions with India

Due to a lengthier path, Lufthansa Flight LH760 from Frankfurt to New Delhi had to fly for over an hour longer on Sunday. Major foreign airlines, including Air France and Lufthansa, are avoiding Pakistani airspace as tensions between India and Pakistan remain high after a deadly terrorist assault in Pahalgam, Jammu and Kashmir, according to airlines and flight trackers on.

Monday. Air France agreed, stating that it had decided to halt flights over Pakistan due to the “recent evolution of tensions” between the two South Asian foes. “The airline has decided to suspend overflight of Pakistan until further notice,” Air France said in a statement, referring to the “recent evolution of tensions” between India and Pakistan The airline currently changing.

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In the wake of the recent Pachigam terror attack, a significant shift in international aviation routes has occurred. Following an uptick in security concerns and rising geopolitical tensions between India and Pakistan, several international airlines have opted to avoid Pakistani airspace, rerouting their flights to ensure passenger safety. The decision comes nations.

The Pahagam Terror Attack: A Trigger for Renewed Tensions

On the night of the attack in Pachigam, a popular tourist destination in Jammu and Kashmir, militants carried out a series of strikes on civilian and military targets. The assault left a number of casualties, both military personnel and civilians, sparking widespread condemnation. The attack, attributed to militant groups operating from across the border.

Airlines’ Concerns Over Safety and Security

In response to the escalating threat in the region, several international airlines, including prominent carriers from Europe, the Middle East, and Asia, have started to reroute their flights to avoid crossing Pakistani airspace. These precautionary measures, while not unprecedented, are a direct reflection of the security situation that has worsened in the wake of the attack.

Airlines typically rely on international aviation corridors for the fastest and most efficient flight paths, and Pakistani airspace has historically been a critical component of many international routes connecting Europe and Asia. However, in light of the heightened risk of military conflict, commercial carriers have begun to take proactive steps to avoid the region.

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European carriers, such as Lufthansa and Air France, have adjusted their flight paths over the past few weeks, choosing to bypass Pakistan altogether. Similarly, Middle Eastern giants, like Emirates and Qatar Airways, have rerouted certain flights to avoid potential risks associated with flying in close proximity to the disputed borders. These changes have led to longer flight.

The International Air Transport Association (IATA) has noted that these changes, while necessary, come with considerable logistical and financial consequences. Airlines must navigate alternative routes, which may lead to higher fuel consumption and longer durations of travel. Nevertheless, passenger safety is the highest priority, and the industry remains.

Diplomatic Implications and Regional Stability

The rerouting of international flights has far-reaching implications, not only in terms of aviation logistics but also for regional diplomacy. The decision to avoid Pakistani airspace can be seen as a subtle but clear indication of the international community’s concerns regarding with the growing uncertainty in the region, underscores the volatile nature of South the security situation between India and Pakistan. Such moves may further isolate Pakistan.

The Future of Aviation in the Region

As the situation unfolds, the aviation industry is closely monitoring developments. For international carriers, navigating the delicate balance between commercial operations and national security concerns is no small task. In the coming weeks, further changes in flight patterns are expected, depending on how the diplomatic and military tensions between India.

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