BHARAT DYNAMICS LTD GOOD TO BUY AFFTER BREAK OUT

### BDL – Fundamental & Technical Analysis **Fundamental View:** Bharat Dynamics Ltd. (BDL) shows a strong improvement in profitability in the latest quarter (June 2026). **EBITDA increased to ₹83.08 Cr from ₹55.24 Cr** in March 2026 and was significantly higher than ₹-45.37 Cr in June 2025. **PBT rose to ₹165.63 Cr**, while **PAT increased to ₹118.79 Cr** from ₹113.18 Cr in the previous quarter and ₹18.35 Cr in June 2025. **EPS improved to ₹3.24** from ₹3.09 QoQ and ₹0.50 YoY. Interest expense remains very low at **₹0.64 Cr**, indicating limited interest burden. Overall, the latest numbers indicate improving operating performance and strong YoY profitability recovery. **Technical View – Daily Chart:** BDL is forming a potential **Cup & Handle pattern**. The cup has a rounded bottom near **₹1,220–₹1,230**, with resistance/rim around **₹1,415**. The stock is currently around **₹1,398**, approaching this important breakout zone. **MACD is bullish**, with a positive crossover and rising histogram. **RSI is around 69.5**, indicating strong momentum but also that the stock is approaching the overbought zone. **Trading Setup:** A sustained **daily close above ₹1,415 with strong volume** could confirm the Cup & Handle breakout. Based on the cup-depth method, the theoretical measured target is around **₹1,600–₹1,610**. However, price may face intermediate resistance around **₹1,480–₹1,500**. Traders should consider risk management and confirmation before taking any position. **Conclusion:** Fundamentals show improving profitability, while the technical structure is bullish but awaiting confirmation above ₹1,415. *This analysis is for educational purposes only and is not a buy/sell recommendation.*