Thu, Dec 21, 2023
Taking cognisance of FY24’s order inflow already being in excess of guidance and steady execution, the brokerage raises its valuation multiple to 30x (earlier 28x) FY26E earnings per share
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Mon, Dec 18, 2023
Zee Business learned from reliable sources that Armenia has acquired the Akash Air Defence System and 15 AAD Systems from BDL, with the transaction estimated to be valued between Rs 5,000 crore and Rs 6,000 crore.
Thu, Dec 14, 2023
While the two main contenders for the contract are Solar Industries and Munitions India, L&T, Tata Defence, and Economic Explosive companies from the private sector are also involved in the project.
Thu, Oct 05, 2023
Defence-related stocks such as Hindustan Aeronautics Ltd (HAL), Bharat Electronics Ltd (BEL), Bharat Forge Ltd, Bharat Dynamics Ltd (BDL, Cochin Shipyard Ltd, and Mazagon Dock Shipbuilders Ltd rose on Thursday, after the defence ministry released its fifth indigenization list containing 98 items, to be procured by the armed forces from indigenous suppliers in a staggered manner over specified timelines.
Cochin Shipyard, Bharat Dynamics, HAL, Mazagon Dock Shipbuilders, Astra Microwave Products, Bharat Electronics, and Garden Reach Shipbuilders & Engineers traded 1-4 per cent higher in late morning deals.
Mon, Sep 18, 2023
The defence ministry on Friday approved nine capital acquisition projects worth Rs 45,000 crore for the armed forces. BEL, meanwhile, has received an order of Rs 2,118.57 crore from Cochin Shipyard Limited for the supply of various equipment comprising sensors, weapon equipment, etc.
Thu, Aug 31, 2023
BHEL shares were in high demand on Thursday after the company bagged an order from NTPC that analysts believe will further boost its strong order book.
Fri, Aug 25, 2023
Defence stocks such as HAL, Bharat Dynamics, Mazagon Dock Shipbuilders, and Cochin Shipyard started Friday trading session on the BSE in the green.
Thu, Aug 24, 2023
A day after it hit a 52-week high, HAL repeated its feat to rise as high as Rs 4,138.80 in early trading hours on Thursday (August 24). L&T also hit a 52-week high of Rs 2,767 after securing new orders from the Middle East.
Fri, Aug 11, 2023
ZBizExclusive, PFC, REC in focus, promoter PFC holds 52.63% stake in REC, REC posts good Q1FY24 results, reports ₹2960 Cr profit
Tue, Jul 25, 2023
Among individual defence stocks, Mazagon Dock Shipbuilders Ltd has gained a whopping over 576 per cent in a year, followed by Data Patterns (India) Ltd which has seen a growth of over 174 per cent in a year; Hindustan Aeronautics (HAL) has rallied over 106 per cent and Cochin Shipyard Ltd has gained over 105 per cent.
Wed, Mar 08, 2023
Hindustan Aeronautics Ltd (HAL) shares surged on Wednesday, a day after the company signed a deal worth over Rs 6,800 crore with the defence ministry.
Fri, Jan 13, 2023
Budget 2023: With border issues with China and the ongoing war between Russia and Ukraine being some of the key factors the government will need to consider while allocating money to the sector.
Mon, Sep 19, 2022
Stocks buzzing are Mazgaon Dock Ship, Cochin Shipyard, Paras Defence and Astra Micro. Defence stocks have been in the spotlight recently with the government’s focus on ‘Aatmanirbhar’ Bharat.
Mon, Aug 29, 2022
Union Defence Minister Rajnath Singh on Sunday approved the third positive indigenous list of 780 components and subsystems to be procured from the domestic industry.
Wed, Jul 27, 2022
The Defence Ministry on July 26 approved the procurement of military equipment and weapons, which included swarm drones, carbines and bulletproof jackets, an official press statement said.
Tue, Jun 07, 2022
Amid rising demand for indigenisation, the defence sector outlook is seen as positive, domestic brokerage house ICICI Securities noted in its report while citing the triggers around the sector.
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