Defense Stocks

Most sector PSUs ended FY23 with strong order books

The Ministry of Defence (MoD) on March 30 signed contracts with Indian shipyards, Bharat Dynamics, Bharat Electronics, and BrahMos Aerospace for equipments worth over Rs 35,000 crore.

State media reports indicated Kim didn't attend the Supreme People's Assembly's two-day session that ended Wednesday

In the past three months, the stock of Apollo Micro Systems has outperformed market as shares surged 75 per cent, as against 4.8 per cent rise in the S&P BSE Sensex.

Bharat Dynamics has more-than-doubled in 2022 so far, however, the stock still trades 14 per cent shy from its historic peak.

Marking challenges faced in procuring defence equipment from abroad, PM Narendra Modi on Friday stressed on promotion of the AatmaNirbhar Bharat and Make in India campaign in defence manufacturing.

Data Patterns is seeking a valuation of around 25 billion rupees ($340 million) in the IPO, and is looking to sell an equal number of primary and secondary shares, the people said

Raytheon is down as much as 3.9 per cent and on pace to close lower for a fourth straight day