Defence Stocks

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

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.

"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

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

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.

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

Defence, railways stocks in focus: In the past one month, most of these stocks had hit their respective record highs

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.

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

The Propellant Tank Production Facility specialises in crafting high-performance fuel and oxidizer tanks, crucial elements for the LVM3 launch vehicle

Bharat Dynamics shares also suffered a 10 per cent drop on Tuesday, June 4

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

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

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