With US-India trade deal on the horizon coupled with healthy diversification efforts at the company (ADS), Sansera Engineering remains one of top pick in the auto ancillary space for ICICI Securities.
With strong growth visibility over the next few years, the MTAR management has increased its FY26 revenue growth guidance to 30-35% and maintained its EBITDA margin outlook at around 21%.
Public sector arms manufacturers accounted for 77 per cent of India's record ₹1.5 trillion defence production in FY25. Moves to reform them must get the diagnosis right first
Thus far in the month of February, the Nifty India Defence index slipped 5.5 per cent, as against 1.3 per cent rise in the Nifty 50.
Unimech Aerospace and Manufacturing, Mtar Technologies and Data Patterns rallied in the range of 5 per cent to 6 per cent on the NSE in intra-day trade.
Data Patterns, Bharat Electronics, CG Power and Industrial Solutions, Siemens Energy India and ABB India rallied in the range of 8 per cent to 14 per cent on the BSE in Wednesday's intra-day trade.
India has sought to bolster funding for the defence sector following a short but deadly conflict with arch-rival Pakistan last May in which drones and fighter jets took centre stage
Defence Stocks Today: At 11:03 AM on Friday; Nifty India Defence index was up 1.3 per cent, as compared to 0.24 per cent decline in the Nifty 50.
The company said the partnership is meant to support frontline artillery systems that are already in service with the Army
The brokerage highlights a robust export outlook for companies in renewables and T&D, with select EPC and product companies benefiting from international demand.
In its winter session, the Defence Acquisition Council (DAC) approved capital acquisition proposals worth ₹79,000 crore, taking total approvals in FY26 year-to-date (Y-T-D) to around ₹3.3 trillion.
China on Friday announced strong countermeasures against several US defence companies and senior executives in response to Washington's recent decision to approve large-scale arms sales to Taiwan, Global Times reported.The Chinese Foreign Ministry said it will impose sanctions on 20 US defence-related companies and 10 senior executives who have been involved in supplying weapons to Taiwan in recent years. The action has been taken under China's Anti-Foreign Sanctions Law and will come into effect immediately.According to the ministry, the targeted companies include Northrop Grumman Systems Corporation, L3Harris Maritime Services, Boeing in St. Louis, Gibbs & Cox, Advanced Acoustic Concepts, VSE Corporation, Sierra Technical Services, Red Cat Holdings, Teal Drones, ReconCraft, High Point Aerotechnologies, Epirus, Dedrone Holdings, Area-I, Blue Force Technologies, Dive Technologies, Vantor, Intelligent Epitaxy Technology, Rhombus Power and Lazarus Enterprises.Under the sanctions, .
The Confederation of Indian Industry expects the FY27 Budget to focus strongly on boosting investments to sustain India's high growth momentum
Company has received approvals from DRDO)for two distinct Transfers of Technology (ToT) relating to Laser-Based Directed Energy Weapon (DEW) systems and EO Tracking Systems for DEW
The meetings took place during the first visit of India's defence business leaders to Russia since Moscow's 2022 invasion of Ukraine
The committee said the ministry is adopting emerging technologies of warfare and it has recommended that adequate budgetary provisions for research and development be made available to the armed force
Tata Advanced Systems and Lockheed Martin on Monday announced the groundbreaking of a new maintenance, repair and overhaul (MRO) facility in India to support operations of C-130J Super Hercules military transport aircraft. The announcement to set up the facility in Bengaluru came as a Tata-Lockheed Martin joint venture is pitching C-130J Super Hercules as the best aircraft in the race to win a mega deal to supply around 80 heavy lift transport aircraft to the Indian Air Force (IAF). The IAF currently operates 12 C-130Js of Lockheed Martin that is known to be one of the world's leading tactical airlift planes. The groundbreaking ceremony brought together senior officials from the IAF, government dignitaries, industry leaders and senior executives from Lockheed Martin and Tata Advanced Systems. "Today's groundbreaking reflects how far our collaboration with Tata Advanced Systems and India has come, and where we're headed together," Lockheed Martin's Chief Operating Officer Frank St.
Motilal Oswal remains positive on Bharat Electronics, Hindustan Aeronautics and Bharat Dynamics, assigning 'Buy' ratings with target prices of ₹500, ₹5,800 and ₹2,000, respectively
PTC Industries through its wholly-owned subsidiary Aerolloy Technologies signed a long-term agreement with Honeywell Aerospace Technologies for titanium & super alloy castings.
Market experts attributed the weakness to a combination of valuation concerns, liquidity pressures and profit booking.