Bharat Dynamics, Hindustan Aeronautics, and Bharat Electronics have skyrocketed 87 per cent, 79 per cent, and 44 per cent, respectively, since Budget 2022
The derivative analyst from HDFC Securities recommends to Buy HAL 2600 Put and simultaneously Sell 2500 Put for the December expiry.
"Hon'ble Raksha Mantri (Defence Minister) has approved that the DDP will conduct the 14th edition of Aero India 2023 at Air Force Station, Yelahanka, Bengaluru, from 13th- 17th February 2023"
Bharat Dynamics, JK Paper and Hindustan Aeronautics have surged over 100 per cent, while Elgi Equipments and Schaeffler India are just shy from doubling the investor's wealth so far in 2022.
Bharat Dynamics has more-than-doubled in 2022 so far, however, the stock still trades 14 per cent shy from its historic peak.
ITC, Varun Beverages, TVS Motor Company, Coromandel International and Hindustan Aeronautics can rally up to 25 per cent, technical charts suggest
Stocks like Bharat Petroleum Corporation and Hindustan Petroleum Corporation linger in bear territory
The overall chart outlook hints at a rally towards the Rs 2,000 mark for the stock.
HAL looks forward to strengthening its association with Boeing on military and civil programmes, a company official said
Vice President, M. Venkaiah Naidu said that indigenous products will play a key role in leapfrogging India as an aerospace and defence powerhouse in the coming years on Friday.
The contract is for development and supply of ring forgings for its Aviation military and commercial engine programs
Hindustan Aeronautics Ltd (HAL) is a state-run aerospace behemoth
The over Rs 47,000 cr light combat aircraft order has boosted growth prospects, while valuation remains reasonable
Hindustan Aeronautics Ltd and Tech Mahindra signed a contract worth Rs 400 crore for implementation of Enterprise Resource Planning (ERP) to support HAL's 'Project Parivartan'
All that happened in the markets today
All that happened in the markets today
Experts said the government has timed the HAL share sale well. The stock has more than doubled from its March lows amid strong buying momentum in defence stocks.
Rs 19,000 crore remains outstanding from the three defence services
The Indian Air Force (IAF) has ordered 40 Tejas Mark 1 fighters, of which HAL has already built and delivered 16
HAL is also poised to scale another summit this year, with its operational turnover for 2019-20 on track to exceed Rs 20,000 crore - for the first time ever