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 …
US Presidential Elections 2024: The outcome of the US Presidential Elections would significantly impact the Indian stock market. Advising stock investors to look at defence stocks ahead of the US Presidential Election outcome, VLA Ambala, Co-Founder of Stock Market Today, said, "According to my analysis, investing in defence stocks at this time could prove profitable. Pravesh Gour, Senior Technical Analyst …
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 …
HDFC Mutual Fund has announced the launch of the HDFC Defence Fund which plans to invest in defence & allied sector companies. Munot added, "With HDFC Defence Fund, the first of its kind fund investing in companies in the defence and allied industries, we are presenting investors an opportunity to participate in structural growth potential of India's defence sector “ …
MUMBAI: Shares of shipbuilders surged on Friday following reports that the defence ministry has cleared projects to build six conventional submarines for the Indian Navy. Shares of Mazagon Dock Shipbuilders jumped 5%, while Reliance Navel & Engineering Ltd climbed 6%. The decision was taken at a meeting of the Defence Acquisition Council chaired by defence minister Rajnath Singh, the PTI …
