Page 6 - Defence Stocks
Defence stocks soar up to 7% after govt okays building 2 nuclear submarines
The Indian Navy will get two nuclear-powered attack submarines, which will boost its underwater deterrence capabilities manifold in the Indian Ocean Region.
 "Defence stocks soar up to 7% after govt okays building 2 nuclear submarines")
BEL down 3% despite MCA nod for incorporating JV with Israel Aerospace Ind
BEL share price dropped despite the company securing the Ministry of Corporate Affairs (MCA) approval to incorporate 'BEL IAI AeroSystems Private Limited'.
 "BEL down 3% despite MCA nod for incorporating JV with Israel Aerospace Ind")
Major defence stocks stage a comeback; Cochin Shipyard surges by 10%
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
 "Major defence stocks stage a comeback; Cochin Shipyard surges by 10%")
Analysts bullish on defence stocks as DAC okays Rs 1.4-trn acquisition
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
 "Analysts bullish on defence stocks as DAC okays Rs 1.4-trn acquisition")
Shipbuilding stocks in focus: GRSE, MDL, Cochin Shipyard gain up to 7%
The Defence Acquisition Council (DAC) is likely to discuss proposals of mega projects worth around Rs 1.2 trillion for approval in a meeting scheduled for today.
 "Shipbuilding stocks in focus: GRSE, MDL, Cochin Shipyard gain up to 7%")
Defence stocks tumble up to 27% since Budget presentation; time to buy?
"A correction was needed in defence stocks as they were overvalued after the Interim Budget amid high expectations from the Budget," said Palka Arora Chopra, director of Master Capital Services
 "Defence stocks tumble up to 27% since Budget presentation; time to buy?")
This defence stock has zoomed 110% from June low; raised Rs 1000 cr via QIP
Shares of Zen Technologies hit a new high of Rs 1,876.05 on the BSE today after the company successfully raised Rs 1,000 crore through its first-ever QIP
 "This defence stock has zoomed 110% from June low; raised Rs 1000 cr via QIP")
Paras Defence hits upper limit on bagging licence to make defence products
The uptick in the Paras Defence stock price came after government granted industrial licence to the company for establishing an industrial undertaking for manufacturing defence products.
 "Paras Defence hits upper limit on bagging licence to make defence products")
Stocks to Watch on Budget 2024 day, July 23: Defence, Railways, Banks, Agri
Stocks to Watch today, July 23, 2024: The Narendra Modi-led Bharatiya Janata Party (BJP) is all set to present its first Budget under its third term
 "Stocks to Watch on Budget 2024 day, July 23: Defence, Railways, Banks, Agri")
Defence, rail shares under pressure; HAL, Siemens, ABB down up to 7%
Defence, railways stocks in focus: In the past one month, most of these stocks had hit their respective record highs
 "Defence, rail shares under pressure; HAL, Siemens, ABB down up to 7%")
This smallcap defence electronics stocks has zoomed 111% from June low
Shares of Avantel hit a new high of Rs 223.80, up 9% in intra-day trade on Tuesday; the stock has surged 21% in past three trading days.
 "This smallcap defence electronics stocks has zoomed 111% from June low")
This defense stock soared 114% in last six months, rallied 214% in one year
Shares of PTC Industries, an Indian defense manufacturing company rose 5.2 per cent at Rs 11,753.95 per share on the BSE in Tuesday's early morning trades
 "This defense stock soared 114% in last six months, rallied 214% in one year")
This state-owned defence stock surged 9% intraday today; Check details
The Propellant Tank Production Facility specialises in crafting high-performance fuel and oxidizer tanks, crucial elements for the LVM3 launch vehicle
 "This state-owned defence stock surged 9% intraday today; Check details")
This state-owned defence stock has dropped 20% in two days; check details
Bharat Dynamics shares also suffered a 10 per cent drop on Tuesday, June 4
 "This state-owned defence stock has dropped 20% in two days; check details")
Bharat Dynamics slips 9% from day's high as investors profit book post Q4
The defence public sector company on Thursday reported an 89 per cent year-on-year (YoY) surge in net profit, reaching Rs 288.8 crore for the fourth quarter ending March 31, 2024
Own BEML, BEL in your portfolio? Check why they will be in focus today
On Monday, the MoD signed a tripartite MoU with BEML, Bharat Electronics, and Mishra Dhatu Nigam for indigenous development of Advanced Fuelling and Control System for Engines
 "Own BEML, BEL in your portfolio? Check why they will be in focus today")
Analysts remain selective on space-related stocks as govt eases FDI norms
Valuations wise, most are trading at price to equity multiples of 50-100 times on a 12-month trailing basis, data from BSE shows. Apollo Micro Systems, for instance, commands a PE of 152 times
 "Analysts remain selective on space-related stocks as govt eases FDI norms")
Space related shares rally up to 13% after government eases FDI norms
MIDHANI surged 13 per cent, while MTAR Technologies soared 9 per cent, followed by Data Patterns (India) and Astra Microwave Products
 "Space related shares rally up to 13% after government eases FDI norms")
Hindustan Aeronautics m-cap crosses Rs 2 trn; zooms 123% in 10 months
HAL hit a new high at Rs 3,039, and is now the seventh PSU to trade with a market capitalisation of more than Rs 2 trillion
 "Hindustan Aeronautics m-cap crosses Rs 2 trn; zooms 123% in 10 months")
MTAR Tech tanks 12% as company cuts FY24 revenue, Ebitda guidance
The company cut guidance due to deferment of shipment plans against the confirmed orders from Clean Energy
 "MTAR Tech tanks 12% as company cuts FY24 revenue, Ebitda guidance")