New Delhi, Feb. 18 -- Defence major Bharat Dynamics share price remained higher for the third straight session on Wednesday, February 18, rising another 1.5% to the day's high of Rs.1,280 apiece as it attempted to regain strength following a massive 19% sell-off earlier this month after its December quarter results.

From the ten-month low of Rs.1,227, which it touched during Monday's trade, the defence stock has recovered nearly 2%, based on today's high. Analysts see the rally continuing in the short term and expect the stock to touch the Rs.1,340 level.

Domestic brokerage firm Systematrix Institutional Equities, in its latest report, said that on the daily chart, the stock has formed a strong bullish candlestick structure over the las...