Defence PSU stocks regain mojo, surge up to 25% in 5 sessions; Bharat Dynamics, Garden Reach among top gainers
3 weeks, 4 days ago

Defence PSU stocks regain mojo, surge up to 25% in 5 sessions; Bharat Dynamics, Garden Reach among top gainers

Live Mint  

Defence PSU stocks have made a notable recovery in recent sessions, rebounding strongly after facing prolonged selling pressure. Shipbuilding stocks also delivered impressive gains, with Garden Reach Shipbuilders rising 24%, Cochin Shipyard jumping 22%, and Mazagon Dock Shipbuilders posting a gain of 13%. BEL, HAL, Mazagon Dock under JPMorgan's radar Global brokerage firm JPMorgan recently initiated coverage on BEL, HAL and Mazagon Dock Shipbuilders, highlighting the recent correction in these stocks as an attractive entry opportunity. The Indian defence sector has undergone significant transformations over the past four years, fueled by the government's revolutionary steps to establish a robust domestic defence ecosystem. Elara Capital upgrades Bharat Dynamics to 'Buy' Domestic brokerage firm Elara Capital has also upgraded its rating on Bharat Dynamics to ‘buy’ and revised its target price higher to ₹1,230, citing the company's robust order pipeline, a shift in customer and product mix, and a strong focus on execution as key growth drivers.

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History of this topic

Paras Defence, HAL to Bharat Dynamics: Defence stocks rally as DAC okays acquisition worth ₹21,772 crore
2 weeks, 5 days ago

Paras Defence, HAL to Bharat Dynamics: Defence stocks rally as DAC okays acquisition worth ₹21,772 crore

Live Mint  

Defence stocks including Garden Reach Shipbuilders, Hindustan Aeronautics, Paras Defence, Cochin Shipyard, among others rallied up to 6% on Wednesday, after the government approved five capital acquisition proposals worth ₹21,772 crore to improve the country’s defence preparedness. Garden Reach Shipbuilders & Engineers share price led the rally with gains of 6.2%, Paras Defence and Space Technologies shares surged as much …

Cochin Shipyard stock climbs 5% after securing ₹1,000 crore defence contract
3 weeks ago

Cochin Shipyard stock climbs 5% after securing ₹1,000 crore defence contract

Live Mint  

Shares of Cochin Shipyard, a leading shipbuilding and repair yard in India, continued their upward momentum on Monday, December 2, rising for the seventh consecutive trading session. The rally follows the announcement of a significant contract with the Ministry of Defence, Government of India, for the short refit and dry docking of a large Indian Naval vessel, signed on November …

Defence stocks PTC Industries, BEL, Mazagon Dock and 9 others gain up to 20% on policy continuity optimism
6 months, 1 week ago

Defence stocks PTC Industries, BEL, Mazagon Dock and 9 others gain up to 20% on policy continuity optimism

Live Mint  

Defence stocks surged as government reaffirms focus on sector. Shipbuilding companies Defence stocks surged sharply in today's trade, with some gaining up to 20% intraday, as the government's strong focus on the sector remains unwavering. {{^adFree}} {{/adFree}} Rajnath Singh, who assumed office as Defence Minister, announced that the government aims to boost defence sector exports to ₹50,000 crore over the …

Defence stocks plummet as market crashes: These performed worst today
6 months, 2 weeks ago

Defence stocks plummet as market crashes: These performed worst today

Hindustan Times  

Shares of defence-related companies fell as much as 15 percent when the Lok Sabha election results were declared, as investors rushed to take profits following a recent bull run. The BSE Sensex and the NSE Nifty tanked as the 2024 Lok Sabha election results were declared Shares of Bharat Electronics Ltd plunged over 19.36% and Hindustan Aeronautics fell over 14.29%. …

Defence sector stocks are rising. Does the rally have enough steam?
1 year, 6 months ago

Defence sector stocks are rising. Does the rally have enough steam?

Live Mint  

On Monday this week, the share price of all maritime defence sector stocks went through the roof. Reports stated that both the secretaries also touched upon General Electric's proposal to share technology with India for fighter jet engines and New Delhi's plan to procure MQ-9B armed drones for over US$ 3 billion from US defence major General Atomics Aeronautical Systems …

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