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 uptick in HAL share price came after the company posted a healthy set of Q3FY25 results
Shares of BEL, for instance, soared 5 per cent to Rs 292.10 on the back of two-fold jump in average trading volumes after the company reported a healthy December 2024 quarter
Among the top highlights of Bharat Electronics Q3 performance include a 39% Y-o-Y growth in execution and a 330 bps expansion in Ebitda margin to 28.9 per cent, surpassing analyst expectations
Shares of Apollo Micro Systems hit a 52-week high of Rs 150, as they rallied 14% on the BSE in Monday's intra-day trade amid heavy volumes on expectations of strong third quarter earnings
BDL is the exclusive service provider for indigenously developed guided missiles such as Akash surface-to-air missiles and Konkur anti-tank guided missiles
Indian investor Indusbridge Ventures and U.S.-based FedTech, which established the programme in September 2024, selected seven Indian companies and talks are underway about specific projects
Elara Capital expects ordering flow to rise sharply in Q4FY25 for the sector given that defence capex is set to be met in FY25
Bharat Dynamics share price: Ministry of Defence has signed a contract with Bharat Dynamics Limited for the supply of Medium-Range Surface-to-Air Missiles (MRSAM) for the Indian Navy
The rise in the BEL share price came on the back of an additional order win worth Rs 561 crore
Apollo Micro Systems share price: The Board of Directors of Apollo Micro Systems is scheduled to meet on Thursday, January 9, 2025, to consider the issue of equity shares and/or convertible securities
War chest of opportunities: DefMin loads new tech ammo to fortify revenue and earnings potential
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%
GRSE, Cochin Shipyard, BDL, BEML, MDL, MIDHANI, BEL and HAL are up in the range of 3% to 10% on the BSE in Tuesday's intra-day trade in otherwise subdued market.
The proposed pact was discussed at a meeting between Defence Minister Rajnath Singh and his Japanese counterpart Gen Nakatani
Data Patterns (India), Bharat Electronics, Mishra Dhatu Nigam, Garden Reach Shipbuilders & Engineers and Zen Technologies are up in the range of 3 per cent to 6 per cent
The Indian Navy will get two nuclear-powered attack submarines, which will boost its underwater deterrence capabilities manifold in the Indian Ocean Region.
BEL share price dropped despite the company securing the Ministry of Corporate Affairs (MCA) approval to incorporate 'BEL IAI AeroSystems Private Limited'.
According to experts, interest in defence stocks likely went up as the correction eased valuations to an extent. The buoyant sentiment in the equity market also boosted buying in the sector
Share prices of Cochin Shipyard, Mazagon Dock Shipbuilders, Paras Defence, HAL, Garden Reach Shipbuilders, and Mishra Dhatu Nigam gained up to 3.32 per cent on the BSE