Latest news with #BDL
L'Orient-Le Jour
21 hours ago
- Business
- L'Orient-Le Jour
BDL ban on al-Qard al-Hassan: Repercussions for Hezbollah's economy
After enduring Israeli strikes and American sanctions, Hezbollah now faces an economic offensive from the Banque du Liban (BDL). In a directive issued on July 14, the BDL banned Lebanese banks and financial institutions from dealing with al-Qard powerful charity NGO was founded in 1985, which the party uses to distribute interest-free microloans to its supporters and pay its is the first time that the BDL has formally targeted al-Qard al-Hassan, which has been on the U.S. Treasury blacklist since 2007, alongside Bayt al-Mal — Hezbollah's 'treasury,' according to Washington, and the investment company al-Yusor (sanctioned since 2006). Context BDL bans banks and financial institutions from dealing with companies like al-Qard al-Hassan The measure received immediate backing from Washington: U.S. envoy Tom...
Business Upturn
4 days ago
- Business
- Business Upturn
Why did Bharat Dynamics shares fall 8% this week? Details here
By Aman Shukla Published on July 19, 2025, 12:06 IST Bharat Dynamics Ltd (BDL) shares took a sharp hit this week, ending over 8% lower as investors continued to book profits in the broader defence sector after months of strong gains. On Friday, the stock closed at ₹1,672, down nearly 4% for the day. Friday's session saw BDL open at ₹1,740 and hit a high of ₹1,762.80 before slipping to an intraday low of ₹1,668. This puts the stock well off its 52-week high of ₹2,096.60, though it's still up significantly from its 52-week low of ₹890. The recent sell-off in defence stocks—including names like Hindustan Aeronautics and Mazagon Dock—appears to be driven by profit-taking. Defence stocks had seen renewed interest starting in March, with momentum building further in May after India's high-profile 'Operation Sindoor.' The military operation, which saw successful interception of incoming drones and missiles launched by Pakistan, spotlighted India's growing capabilities in indigenously developed defence systems. Bharat Dynamics, a key manufacturer of missile systems, benefited from that sentiment. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
L'Orient-Le Jour
5 days ago
- Business
- L'Orient-Le Jour
Hezbollah bloc criticizes BDL measures against al-Qard al-Hassan
In a statement following a broad meeting, Hezbollah's parliamentary group sharply criticized the measures taken Monday by Banque du Liban (BDL) against al-Qard al-Hassan, the financial institution linked to the party, calling them "a direct attack on the interests of Lebanese society, outside the constitutional and legal framework, and using the Central Bank as a tool to carry out foreign policies and orders contrary to the interests of Lebanese citizens." These "unjustified measures pose a serious danger to social stability, precisely when the country needs to avoid internal turbulence to preserve its resilience against external aggressions," said bloc leader Mohammad Raad, as cited in the statement. The bloc also asserted that "the al-Qard al-Hassan association is a non-profit charitable organization that serves Lebanese citizens without distinction and will fully pursue its humanitarian mission." In its principal circular No. 170 dated July 14, BDL has banned banks, financial institutions, brokerage firms, collective investment funds and any entity it regulates from dealing, directly or indirectly, with unlicensed companies. The decision primarily targets al-Qard al-Hassan, Bayt al-Mal, the al-Yusr company for financing and investment, or any other association, entity, company or organization similar to them, particularly those that are internationally sanctioned. Regionally, the group "strongly condemned" the violence that occurred in Syria's Sweida province and "called on all concerned parties, at the local, regional and international levels, to fully assume their responsibilities to protect Syria's unity and its people." On the issue of restoring the state's monopoly on arms, a topic at the center of U.S. envoy Tom Barrack's visit to Lebanon a few days ago, the group also reiterated its "willingness to discuss these matters with all serious Lebanese parties, free from any external pressure, to achieve a national strategy for defense and sovereignty for Lebanon."
Economic Times
5 days ago
- Business
- Economic Times
HAL, BDL, Data Patterns shares drop up to 5% as profit booking hits defence stocks for third straight day
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of key Indian defence companies like HAL , BDL, Data Patterns tumbled up to 5% on Friday as investors continued to lock in gains following a months-long rally, dragging the Nifty India Defence index down by 2.2%, its third straight day of losses and sixth in the past seven Patterns led the decline with a drop of 4.6% to Rs 2,760, while Bharat Dynamics Ltd (BDL) fell as much as 3.9% to Rs 1,675.35. Shares of Hindustan Aeronautics Ltd (HAL) slipped 2.5% to Rs 4, notable laggards included Cochin Shipyard and BEML , which were also down 2.5%, while Mazagon Dock Shipbuilders and Bharat Electronics Ltd (BEL) lost 2% each. Shares of Paras Defence and Garden Reach Shipbuilders & Engineers (GRSE) declined by over 1%. Defence stocks had rallied sharply earlier this year, buoyed by expectations of strong order inflows and escalating geopolitical tensions. The Indian military's targeted strikes in Pakistan under 'Operation Sindoor' in May brought the sector into sharp focus, while ongoing hostilities between Russia and Ukraine and a flare-up in tensions between Israel and Iran added further momentum to the with the global security environment showing signs of stabilisation, that upward momentum has begun to fade. As concerns around valuations rise, analysts now warn that the sector may be overstretched after the recent the Nifty India Defence index declining for a third straight session, the broader sentiment around defence stocks appears to be shifting from optimism to caution.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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Business Standard
5 days ago
- Business
- Business Standard
Bharat Dynamics stock down 20% from all-time high; what brokerages say
Bharat Dynamics share price Shares of Bharat Dynamics (BDL) continued to remain under pressure, falling 3 per cent to ₹1,687 on the BSE in Friday's intra-day trade. The stock price of the state-owned defence company was quoting lower for the seventh straight trading day, declining 15 per cent during the period. It has corrected 20 per cent from its all-time high of ₹2,096 touched on May 30, 2025. However, despite a price correction from its record high, thus far in the calendar year 2025, BDL has outperformed the market by surging 50 per cent. In comparison, the BSE Sensex was up 4 per cent during the period. BDL had hit a 52-week low of ₹897.15 on November 18, 2024. CATCH STOCK MARKET LATEST UPDATEST LIVE Brokerages view on Bharat Dynamic In July 2025, Motilal Oswal Financial Services (MOFSL) initiated coverage on BDL with a 'Neutral' rating. The brokerage firm said it likes the business model of BDL and its ability to scale up its revenues and order book in current scenario, however, with fair valuations, analysts said they would look for lower price points to enter the stock. Currently, BDL is trading below MOFSL target price of ₹1,900 per share. Bharat Dynamics is a prominent player in missile technology within the defence sector and has established itself as a leading integrator for various missile platforms. With a focus on developing advanced guided missiles, underwater weapons, and airborne products, BDL currently holds an order book of ~₹22,700 crore and a prospect pipeline of ₹50,000 crore. In recent years, BDL's revenue has been adversely impacted by supply chain disruptions and difficulties in procuring essential components through imports from Russia and Israel. However, these issues are beginning to resolve, and analysts anticipate a rebound in revenue growth. Along with this, MOFSL also expects the company to benefit from upcoming emergency procurement pipeline as well as large orders such as quick reaction surface-to-air missiles (QRSAM). Meanwhile, analysts at Elara Capital downgraded BDL to Sell with a target price of ₹1,480 on 400-600bp lower-than-estimated margin as the current price already factors in all the positives and it has outperformed the Nifty in the recent past. The brokerage firm lowered its FY26E EPS by 17 per cent and FY27E EPS by 8 per cent on Akash missile execution from FY26 vs assumption in FY25, lower-than-expected margin in FY25 with likely less scope for further improvement. Analysts expect an earnings compounded annual growth rate (CAGR) of 46 per cent during FY25-28E with an average ROE of 24 per cent during FY26-28E. 'We are yet to factor in exports inflows as there is uncertainty on the order finalization timeframe, and this would be a catalyst to monitor,' the brokerage firm said. 'BDL's earnings before interest, taxes, depreciation, and amortization (EBITDA) margins are likely to be in the range of 16-18 per cent during FY26-27E as missile systems are largely indigenized. Revenue CAGR may grow by 30 per cent plus during FY25-27E (our est. CAGR of 39 per cent), driven by strong execution of ₹22,100 crore order book as on March 2025. The recent conflict highlighted product quality and combat mettle of BDL's product portfolio and would open various export opportunities,' Elara Capital said in the company update. Meanwhile, BDL in its FY24 annual report said that slowdown in the economic activities and lower defence budget by Government of India (GoI) could adversely impact the company's business. Higher dependency on single customer i.e. Ministry of Defence (MoD), cancellation of orders can weaken the order book and future revenue and opening up of the Defence sector are some threats for the company.
