Bharat Dynamics slides 4% as Q2 profit falls 15%

Bharat Dynamics shares fell 4.08% to 1,055.1 on 12 Nov 2026 after Q2 profit dropped 15.3%. Support is at 974 and resistance at 1,142. Bharat Dynamics Limited [BDL] reported Q2 FY27 net profit of Rs 183 crore on Thursday, down 15.3% from Rs 216 crore a year ago. The result broadly met street expectations, but margins narrowed sharply. The stock hit an intraday low of Rs 1,026.5 and settled at Rs 1,055.1. On the daily chart, price continues to form lower highs and lower lows. The recent upmove failed to break the previous high, and the stock turned down again today. RSI is at 46.54, below the neutral 50 mark. Volume of 5.61 million was elevated against recent sessions. Price sits roughly 8% above support and 8% below resistance. In my view, the trend remains bearish while price stays below 1,142. A close above 1,142 would be the first sign of a trend change. A break below 974 support would open a deeper decline. Stance: bearish below 1,142, with 974 as key support. Disclaimer: I do not hold any position in this. This content is for informational purposes only and is not a recommendation to buy or sell. Investments in securities are subject to market risks. Please read all related documents carefully before investing.