India, Oct. 15 -- The Hyderabad-based defence public sector company has added a fresh order to its books at a time when its quarterly numbers are turning around after a weak previous year. The contract involves underwater weapons and carries a multi-year delivery window. Investors will also watch how the company handles a large inventory pile and a pending board-level compliance matter. Here is what the order means, how the latest quarter looked, and what lies ahead for the business over the coming years.

The Nifty 50 closed at 22,997.35, up 1.65%, while the Sensex gained 2.10% to 74,315.61 on Thursday. Against the backdrop of a broader market rally, Bharat Dynamics Limited (BDL) is in focus after signing a contract worth approximately ...