Bharat Dynamics Shares Plunge 6% Post Q3 Results, Defence Stocks Bleed

• Bharat Dynamics shares fell 6% on Monday, February 2, extending losses after weak Q3 results.
• The decline impacted the broader defence sector, with 16 of 18 Nifty Defence index constituents trading in the red.
• Brokerages cited a lack of major policy announcements in the Union Budget for the sector, despite increased defence capital expenditure.
• Bharat Dynamics reported a 50.3% year-on-year drop in Q3 net profit to ₹73 crore and a 32% revenue decline to ₹566.6 crore.
• Despite near-term sentiment, analysts remain positive on the medium-term outlook due to higher capital spending supporting order inflows.

Why It Matters: Bharat Dynamics shares dropped significantly after poor Q3 results and budget policy disappointment.