Bharat Electronics Ltd (BEL) on Friday reported an 18% year-on-year rise in standalone profit after tax (PAT) to Rs 1,286.13 crore for the July–September quarter of FY26, compared with Rs 1,091.27 crore in the same period last year. The Navratna defence PSU’s revenue from operations rose 25.75% year-on-year to Rs 5,763.65 crore from Rs 4,583.41 … Read more
Goldman Sachs has turned bullish on India’s defence manufacturing sector, naming PTC Industries, Bharat Electronics, and Solar Industries among its top picks, after the Defense Acquisition Council (DAC) cleared proposals worth Rs 790 billion this week, a move the brokerage said reinforces its belief in an increasing total addressable market (TAM) for domestic defense firms. … Read more
The stock has given a breakout and a retest from its resistance level of 8,016. It has moved up 13% or Rs 923 from its last all-time high breakout of Rs 7,102. Since the stock has broken out, the potential targets are Rs 8,651 (T1) and Rs 9,516 (T2) in the coming days. Strong support … Read more
Shares of Indian defence companies surged between 5% and 11.5% on Monday, 28th April, driven by escalating tensions between India and Pakistan and the expected formal announcement of the Rafale-M fighter jet deal. Stocks such as Paras Defence, Garden Reach Shipbuilders, Data Patterns, Cochin Shipyard, Mazagon Dock Shipbuilders, and Hindustan Aeronautics saw notable gains. The … Read more
The European Commission has announced a major defence initiative, the ReArm Europe Plan, in response to the rising security threats. Analysts believe that the European defence spending will boost Indian defence stocks, particularly Bharat Electronics and HAL among others. Further, the government spending on infrastructure and capital goods remains strong, and private sector capacity expansion … Read more
“And over the next, I would say six months, expecting 4% to 6% of a price correction and maybe six months of the time correction is something which I would be more than happy to have in the market because that would really bring back the health and the strength of the market back,” says … Read more
Domestic markets edged higher for the second consecutive week, moving closer to record highs, supported by favorable cues. In today’s trade, shares of Trent, BEL, LTIMindtree, Ambuja Cements, Alembic Pharma, Transport Corp among others will be in focus due to various news developments. Transport CorporationTransport Corporation of India announced that it will conduct its first-ever … Read more
Following a sharp 17% rally in Zomato shares amid blockbuster results, the new-age stock could rally to Rs 292 in the near term, with a stop loss at Rs 252-240, says Anand James, Chief Market Strategist at Geojit Financial Services. “Directional moving indicators and most oscillators point to strength and continuation of the uptrend. Fast … Read more
Various widely tracked companies like ITC, ONGC, IRFC, Ircon International, BHEL, BEL, Sun Pharma, Nykaa, Tata Investment Corporation, Hindalco, Ashok Leyland, and Divi’s lab will be releasing their March quarter report cards this week. Here’s a list: May 20ONGC, Indian Railway Finance Corporation (IRFC), Bharat Electronics (BEL), Oil India, SAIL, Deepak Nitrite, Whirlpool of India, … Read more
Brokerage Citigroup maintained a buy rating on Adani Ports, CLSA maintained a buy rating on D-Mart, Macquarie initiated coverage on AB Capital and Jefferies has a buy rating on BEL. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Jefferies on Defence: BEL, HAL, Data Patterns Jefferies maintained … Read more