Companies like BEL, BDL and HAL have strong order books and are prepping for the export market, say analysts
Healthy order book, tender pipeline and margin improvement are positives
NMDC shares drop 5.3%; ONGC, Coal India and Bharat Electronics likely to see inflows of $31-46 million on account of the rebalancing
The quarterly recapping of Nifty indices takes into account the changes in free-float market capitalisation (m-cap) of companies and realigns their weighting
BEL has ventured into new businesses such as arms and ammunition, medical electronic devices, and unmanned system platforms, says Anandi Ramalingam
Whether it is Markov analysis, or some other method for forecasting personnel requirements, the government is way behind in the use of modern techniques
Semiconductor shortage and execution delays, however, dented its FY22 performance
The ministry said the IEWR will be used to test and evaluate airborne electronic warfare (EW) equipment and validate their deployment in an operational scenario
BEL primarily manufactures advanced electronic products for the Indian Armed Forces
Order book, pipeline offer medium-term revenue visibility
Bharti Airtel has been trading in the consolidation range for the last two months after retesting the major support zone around Rs 520 levels
The company said it has a healthy order book position of Rs 53,434 crore as on April 1, 2021
Navaratna defence PSU Bharat Electronics Limited has achieved a record turnover of about Rs 13,500 crore (Provisional & Unaudited) during 2020-21, against previous financial year's figure of Rs 12,608 crore in spite of the challenges posed by COVID19 pandemic & intense competition in business. BEL's order book as on April 1 this year is around Rs 53,000 crore, the Bengaluru-headquartered company said in a statement. In 2020-21, BEL said it secured orders worth Rs 15,000 crore. Some of the major orders acquired during the year are: ICU ventilators, software defined radios & communication equipment, various types of radars, sonars, torpedo decoy systems, electronic warfare systems, networking & encryption products, and smart city projects. BEL achieved export sales of around USD 50 million during 2020-21. Major products exported include coastal surveillance system, trans-receive (TR) modules, 'Bharati Radio', 'Identification of Friend or FoeInterrogator' ...
13,650 is the immediate support which, if breached, could result in some profit booking and drag the index towards 13,500-13,470
BEL, in its virtual analyst meet, highlighted that it expects double digit (10-15 per cent) topline growth over the medium-term
Dependent on defence capex, the company is also unlikely to be impacted by coronavirus-led disruption
Mid-caps continue with their strong up-trend and is anticipated to do so till the budget time
Close on HAL's heels is Bharat Electronics, with orders in hand worth Rs 56,300 crore
Derivative call by Nandish Shah, Technical Analyst, HDFC securities.
Weekly Technical Recommendations by Religare Broking Ltd