New Delhi, March 7 -- Bharat Dynamics share price has been strong bullish momentum for the last few days. Rising for the fifth consecutive session, Bharat Dynamics shares surged nearly 8 per cent in intraday trade on BSE on Friday, March 7. The defence stock opened at Rs.1,060 against its previous close of Rs.1,064.65 and jumped as much as 7.83 per cent to the level of Rs.1,148. Around 12:05 PM, the stock traded 6.51 per cent higher at Rs.1,134.

Experts at brokerage firm Elara Capital believe the European Union's (EU) rearmament plan for the EU is positive for Indian defence companies.

In a report on March 6, the brokerage firm highlighted that the "European Union announced a rearmament plan for the EU of EUR 800 billion (nearly $850 bi...