At 12:03 PM on Monday; NSE India Defence index was the top loser among sectoral indices, down 2 per cent, as compared to 0.08 per cent rise in the Nifty 50.
The stock hit a four-month high of ₹3,044, as it rallied 9 per cent on the BSE in Thursday's intra-day trade after the company reported strong earnings for Q2FY26.
The brokerage has assigned an 'Add' rating to HAL and BEL, with target prices of ₹6,325 and ₹459, respectively, while Bharat Dynamics, Astra Microwave, and Data Patterns remain 'Not Rated.'
Data Patterns shares fell 8 per cent after it reported a 22 per cent Y-o-Y decline in its Q1 net profit
The sharp rally in defence stocks came after the Defence Acquisition Council (DAC), headed by Defence Minister Rajnath Singh, approved 10 major capital acquisition proposals on Thursday.
Data Patterns shares gained 3.6 per cent in trade, logging an intraday high at ₹3,099.45 per share on BSE; check what's grabbing investors' attention
Analysts recommend defence stocks are fully priced-in at current levels, hence booking some profit is advisable; but remain optimistic of long-term prospects.
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Data Share price rallied on the back of a healthy March quarter of financial year 2025 (Q4FY25) results.
Data Patterns (India) Ltd has reported a profit after tax of Rs 114.08 crore for the January-March 2025 quarter, underscoring the company's execution capabilities and commitment to operational excellence, a top official said on Saturday. The city-headquartered defence and aerospace electronics system provider had earned a profit after tax of Rs 71.10 crore registered during the corresponding quarter of last financial year. For the financial year ending March 31, 2025, the profit of the company surged to Rs 221.81 crore, from Rs 181.69 crore registered in the year ago period. The total income for the quarter under review grew to Rs 406.83 crore, from Rs 194.57 crore registered during the same quarter of last year. For the financial year ending March 31, 2025, the total income grew to Rs 754.69 crore, from Rs 565.83 crore registered in the year ago period. The Board which met on Saturday has recommended a final dividend of Rs 7.90 per share (390 per cent per equity share of Rs 2 each
BEL, BDL, Mazagon Dock, HAL, Solar Inds, Astra Micro and Data Patterns seem favourably placed on the charts, and may gain up to 38%; here are key support, resistance levels for these 7 defence stocks.
Alternative data includes insights such as phone usage, utility payments, e-commerce transactions, social media activity, employment history, and in some cases, email and SMS data
The Centre approved faster defence procurement guidelines along with granting preliminary approvals for military procurement proposals worth over ₹54,000 crore
Analyst at Elara Capital believe defense companies in India stand to benefit as the EU defence OEM turn to public and private defence firms to procure components and subsystems.
The Nifty SmallCap index surged 2.70 per cent, or 410.7 points, to hit an intraday high of 15,579.15. Similarly, the Nifty MidCap index increased 1.72 per cent to an intraday high of 50,609.25
On the bourses, BEL and Data Patterns have given solid returns. On a year-to-date (Y-T-D) basis, BEL soared over 59%, while Data Patterns gained 35%
Data Patterns (India) Ltd reported a profit after tax of Rs 30.28 crore for the July-September 2024 quarter, the Chennai-based company announced. The defence and aerospace electronics systems provider had recorded a profit after tax of Rs 33.79 crore in the corresponding quarter of the previous financial year. For the half-year ending September 30, 2024, the profit after tax stood at Rs 63.07 crore, compared to Rs 59.62 crore in the same period last year. Commenting on the financial performance, chairman and managing director Srinivasagopalan Rangarajan said in a statement on Sunday, "We are pleased to report healthy and improved margins during H1 of FY2024-25, driven by our continued focus on operational efficiency and a more favourable product mix. Revenue for the quarter was impacted due to the deferment of the delivery schedule by the customer for completed products." Total income for the quarter under review declined to Rs 103.06 crore, down from Rs 119.15 crore in the same ..
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ONGC, Oil India, GNFC, Tata Chemicals and Sun Pharma are among the 9 stocks that could rally up to 20%, suggests technical charts. Check key support and resistance levels for these stocks here.