Bharat Electronics and IZMO both increased 12 percent and 20 percent respectively on Wednesday. Bharat Electronics has seen massive purchasing interest as this stock price shot up more than 12% intraday Wednesday. On the other hand, the share price of IZMO increased 20% intraday Wednesday.

Bharat Electronics:

As the company maintained the growth targets for the year 2019, the share price of Bharat Electronics rose 12% intraday Wednesday. The management of company talked to plenty of analysts on Tuesday & assured of growth of a company in double-digit for the upcoming 3 years.

The state-owned company has finally maintained its 12% revenue growth & the EBITDA margin growth 17 to 19% for the upcoming 3 years. At 3:58 PM on September 26, 2018, the share price was quoting at INR 84.20 up INR 8 or 10.50%.

IZMO:

The stock price of IZMO increased 20% intraday Wednesday as the firm got a license to produce and proof test military calibre ammunition from the Government of India. The subsidiary company of IZMO – Hughes Precision Manufacturing has finally received the license to produce & test the military calibre ammunition under the Indian arms Act, 1959 & the rules, from the Ministry of Home Affairs.

At 03:59 PM, September 26, 2018, the share price was quoting at INR 81.40 up INR 13.05 or up 19.09%.