Defence Stocks

In the past two weeks, the stock rallied 23 per cent after the state-owned aerospace & defense company said that it has received export order worth $255 million

HAL sets to hit new all-time and may rise up to 9 per cent. BDL and BEL need to cross key hurdles to breakout.

CLOSING BELL: The BSE Sensex hit a fresh calendear year high at 61,682, before forfeiting most gains at close. Midcap, Smallcap indices gained nearly a per cent Thursday.

The company entered into 10 Memorandum of Understandings (MoUs) with several foreign and Indian companies during Aero India - 2023

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The spike comes after the management re-iterated healthy medium term revenue prospects, supported by growth in defense, aerospace, e-mobility, and aluminum segments

Public-sector banks, defence stocks could do well; PSUs exposed to commodities are at risk

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India is moving towards indigenisation of the defence sector. As the govt's indigenisation theme gains steam, will the sector have more legs to rally in the near-term or consolidation is likely?

The growth has come on the back of healthy growth in the order books of defence companies amid the government's focus on indigenisation and surge in exports

In the past one month, the stock has outperformed market as shares surged 25 per cent, as against 4.4 per cent decline in the S&P BSE Sensex

The company expects an order book Rs 25,000 crore in the next 2 years

Companies like BEL, BDL and HAL have strong order books and are prepping for the export market, say analysts

Defence stocks, such as Bharat Electronics, Mazagon Dock Shipbuilders, and Cochin Shipyard, logged strong gains last week amid buying interest from wealthy investors

CLOSING BELL: The top laggards were Bajaj Finserv, IndusInd Bank, Bajaj Finance, Hindalco, Tech M, Tata Motors, ICICI Bank, Adani Ports, NTPC, and TCS

Stocks to watch today: Dhanlaxmi bank saw no outcome or resolution in their EGM meeting; Media stocks are expected to hog limelight ahead of day 2 of IPL's media rights auction.