Defence Stocks

Nibe Limited shares rallied sharply after successful trials of the Suryastra rocket system and Vayu Astra-1 loitering munition boosted investor optimism

Hindustan Aeronautics reported a consolidated net profit of ₹4,196 crore, up 5.5 per cent from ₹3,977 crore in the corresponding quarter of the previous fiscal

MTAR Technologies reported a net profit of ₹44.3 per cent, up over 223 per cent from ₹13.7 crore in the year-ago period

Defence stocks rally on geopolitical tensions and policy push, but analysts caution that near-term upside may be priced in despite strong long-term prospects

BEML's share price was trading 3 per cent higher at ₹1,821.70, compared to the previous session's close of ₹1,768 on the NSE

MTAR Technologies stock hit a new life-time high at ₹4,848 in Wednesday's intra-day trade on the back of healthy business outlook.

JM Financial has valued Hindustan Aeronautics at around 29 times its post-COVID historical average, reflecting a strong pipeline of prospects

A key growth driver for the defence sector remains the robust pipeline of Acceptance of Necessity (AoN) approvals, which typically convert into orders over the next two to three years

Motilal Oswal Financial Services has a 'Buy' rating on Bharat Electronics, Hindustan Aeronautics, Bharat Dynamics, and Astra Microwave Products

The recent up move in Nifty Defence reflects renewed buying after a long phase of consolidation, says Om Mehra, technical analyst at SAMCO Securities. The analyst is bullish on BEL, BDL and GRSE.

The brokerage in its note highlighted that the global defence sector has entered a structurally elevated growth phase, driven by persistent geopolitical conflicts

Defence stocks are in a momentum on a day when French President Emmanuel Macron is visiting India, raising hopes that India could seal a deal to buy more fighter jets

FM Sitharaman announced a tax holiday until 2047 for foreign companies providing global cloud services from India, provided services to Indian customers are routed via an Indian reseller

Defence stocks: Data Patterns, GRSE, Paras Defence, BEML, Mazagon Dock and BEL among others crashed up to 19% in Sunday's intra-day trade even as FM proposed 15% higher Budget spends for the sector.

Stocks to buy from agri, defence ahead of Union Budget: Gaurang Shah of Geojit Investments prefers defence shares such as - Bharat Electronics, Cochin Shipyard, MTAR Technologies and BHEL.

The broader pan-European STOXX 600 was down 0.2%. Japan's Nikkei lost 1.6% overnight amid rising tensions with China and Wall Street futures eased 0.2%