Mazagon Dock Shipbuilders share price traded sharply lower in early trade on Monday as brokerage firm ICICI Securities sees a massive downside of 77% on the defence PSU stock. Mazagon Dock shares declined as much as 5.5% to ₹4,700.00 apiece on NSE. ICICI Securities believes the defence stock Mazagon Dock Shipbuilders share is overvalued at … Read more
Defence stocks in India have been witnessing a stellar growth, driven by the government’s strong emphasis on boosting domestic defence manufacturing and achieving self-reliance in the sector. In his Independence Day speech, Prime Minister Narendra Modi reiterated the importance of making India ‘Atmanirbhar’ in defence production, in the path towards ‘Viksit Bharat 2047’ – the … Read more
Former HDFC AMC chief Prashant Jain’s 3P India Equity Fund 1 has comfortably beaten the Nifty 50 index in its first year, despite largely ignoring small and mid cap stocks. According to the latest data, as of 28 June, the category-3 alternative investment fund (AIF) delivered a 58.4% return since it was launched in May … Read more
Rajnath Singh, who assumed office as Defence Minister on Thursday, announced that the government aims to boost defense sector exports to ₹50,000 crore over the next five years, reaffirming an earlier milestone set by the government. Also Read: Indian stock market ready for a dream run, target Nifty 50 at 25,816: PL Following this development, … Read more
Defence stocks Hindustan Aeronautics (HAL) and Bharat Electronics (BEL) shares gained over 2% in early trade on Thursday after foreign brokerage Nomura initiated coverage on these stocks. HAL share price rose up to 2.45%, while BEL share price gained as much as 2.78%. Nomura believes India’s defence sector is witnessing significant growth driven by increasing … Read more