Defence stocks in focus: Defence stocks such as Garden Reach Shipbuilders, Paras Defence, Apollo Micro Systems, Cochin Shipyard, and Solar Industries ended May with solid gains, driven by strong demand from Dalal Street investors, positioning the defence sector as the monthās top performer. The Nifty India Defence index concluded the month with a rally of…
HAL Q4 Results: Defence player Hindustan Aeronautics (HAL) on Wednesday, May 14, reported a consolidated net profit of ā¹3,976.66 crore for the March quarter of the last financial year, registering a 7.71 per cent year-on-year (YoY) decline against a profit of ā¹4,308.71 crore in the same quarter of the previous financial year (Q4FY24). The company’s…
Defence stocks including Bharat Dynamics share price and BEML shares rallied up to 5% after the government approved the capital acquisition of a slew of military hardware worth more than ā¹54,000 crore. Bharat Dynamics shares jumped as much as 5.63% to ā¹1,317.00 apiece, while BEML stock price rallied 4.83% to ā¹2,877.70. The Defence Acquisition Council…
Zen Technologies share price plunged over 17% in early trade on Monday after the company reported its Q3 results. Zen Technologies shares declined as much as 17.62% to ā¹1,111.30 apiece on the BSE. The Drone manufacturing company, Zen Technologies reported a net profit of ā¹38.62 crore in the third quarter of FY25, registering a growth…
Indian stock market investors should capitalize on the growth potential of midcap and smallcap segments while having defensives like largecap pharma, IT and consumer in their portfolio, said Vikram Kasat, Head – Advisory, PL Capital – Prabhudas Lilladher. In an interaction with Livemint, Kasat said there is more valuation comfort in largecap stocks and investors…
Defence stocks in India have been witnessing a stellar growth, driven by the governmentās strong emphasis on boosting domestic defence manufacturing and achieving self-reliance in the sector. In his Independence Day speech, Prime Minister Narendra Modi reiterated the importance of making India āAtmanirbharā in defence production, in the path towards āViksit Bharat 2047ā ā the…
