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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
What does Air India deal mean for Indian aviation? Will Lithium reserves make India an EV power? Will Aero India 2023 launch defence stocks higher? What is a fifth-gen fighter jet? All answers here
In the near-term, analysts believe a drop in the defence budget for financial year 2023-24, coupled with premium valuations of related stocks, could weigh on the sentiment
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
How did Air India beat Indigo? How is Switch powering up green mobility in India? Has the rally in defence-related stocks run its course? What is a phishing attack? All answers here
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.
The company has signed a contract worth Rs 2,971 crore with Ministry of Defence for supply of Astra Mark-I BVRAAMs and associate equipments to Indian Air Force and Indian Navy.
In the past one week, the stock has gained 18 per cent after the company reported 90 per cent year on year (YoY) jump in consolidated net profit at Rs 3,105 crore for March quarter (Q4FY22).
The counter witnessed three-fold jump in volume with a combined 2.3 million equity shares changing hands on the NSE and BSE.