Motilal Oswal see 4% downside for Bharat Dynamics, starts coverage with neutral call amid lofty valuations

Motilal Oswal has initiated coverage on Bharat Dynamics with a ‘neutral’ rating and a target price of Rs 1,900, citing stretched valuations. While upbeat on its export momentum, order book, and earnings growth, the brokerage prefers lower entry points amid limited near-term upside.

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