Stocks to watch today: Power Grid, Sterlite Technologies, ZEN Technologies, TVS Motor Company, Varun Beverages, Torrent Pharma, Cochin Shipyard, Titan, Trent, among others, will be in focus today
Defence stocks in focus: The Defence Acquisition Council (DAC) approved capital acquisition proposals worth about ₹52,000 crore to strengthen the combat capabilities of the armed forces.
Defence stocks to buy: Muthuselvaraj of Mirae Asset Sharekhan explains that Paras Defence is showing an uptrend, trading with higher top, higher bottom pattern after breaking from consolidation zone.
Since April, the Nifty India Defence index has zoomed 33 per cent, as against 8 per cent rally in the Nifty 50.
Analysts at Axis Securities project up to 16% upside in Federal Bank, Zen Technologies and Chennai Petroleum owing to breakout witnessed on the weekly charts.
Zen Tech has launched India's first modular, AI-powered counter-drone system at the North Tech Symposium 2026 in Prayagraj
In the March quarter (Q4FY26), Zen Technologies posted net profit year-on-year (Y-o-Y) of ₹31.53 crore, as compared to ₹101.04 crore a year ago
Thus far in the month of April, Nifty India Defence index has outperformed the market by surging 8 per cent, as against 3 per cent gain in Nifty 50.
Motilal Oswal Financial Services has a 'Buy' rating on Bharat Electronics, Hindustan Aeronautics, Bharat Dynamics, and Astra Microwave Products
At 09:22 AM on Monday, the Nifty Defence index rose 1.1 per cent, as compared to 1 per cent decline in the Nifty 50 amid rising US-Iran tensions.
Zen Technologies share price rose 9.67 per cent to ₹1,346.90, the highest level since January 7 this year