Defense stocks surge up to 7% led by Mazagon Dock. Here’s why

Defense stocks surge up to 7% led by Mazagon Dock. Here’s why

Defense sector stocks gained up to 7% on Tuesday led by state-run Mazagon Dock Shipbuilders which hit the day’s high of Rs 2,219.90 on the NSE following an order for constructing DWT Multi-Purpose Hybrid Power Vessels for an undisclosed amount from a European client. Cochin Shipyard, Bharat Electronics (BEL), Hindustan Aeronautics (HAL), Bharat Dynamics, Bharat … Read more

Rail, shipping stocks plunge up to 6% as Israel-Hamas war weighs on economic corridor

Rail, shipping stocks plunge up to 6% as Israel-Hamas war weighs on economic corridor

Major railway stocks like the Indian Railway Finance Corporation (IRFC), Rail Vikas Nigam Limited (RVNL), Ircon International, RITES, and RailTel Corporation of India fell up to 6%. Meanwhile, shipping stocks like Shipping Corporation of India (SCI), Garden Reach Shipbuilders, Mazagon Dock Shipbuilders, and Cochin Shipyard declined by up to 5% in the intraday trade. Palestinian … Read more

Shipping stocks nosedive amid profit booking; Cochin Shipyard, Mazagon Dock fall up to 14%

Shipping stocks nosedive amid profit booking; Cochin Shipyard, Mazagon Dock fall up to 14%

Shipping sector stocks fell sharply on Tuesday witnessing up to 14% intraday fall as investors booked profits after a sustained rally in these stocks. The top loser was Cochin Shipyard whose stock fell by over 14% to the day’s low of Rs 1,032.25. It was followed closely by Mazagon Dock Shipbuilders which plunged nearly 13% … Read more

Up to 233% gains in FY24! Bulls play rock and roll in defence stocks; will the party continue?

Up to 233% gains in FY24! Bulls play rock and roll in defence stocks; will the party continue?

In the last three years, India’s defence sector has gone through unprecedented changes due to the government’s ambition to become self-reliant in this space, particularly after the Ukraine-Russia war. As a result of this, not only have the companies catering to the sector seen an order book boom, but even their share prices. In FY23, … Read more

Euphoria ebbing? Number of smallcap stock gainers plunge 27% week-on-week

Euphoria ebbing? Number of smallcap stock gainers plunge 27% week-on-week

While the benchmarks Sensex and Nifty 50 clocked losses for the fourth straight week, the broader market also lost some of its momentum as was visible in the stock performance. In the week gone by, 55 smallcap stocks gave double-digit positive weekly returns, as compared to 75 stocks a week ago. In the BSE 500 … Read more

Two multibagger defence stocks jump over 40% in last 3 days. Here’s why

Two multibagger defence stocks jump over 40% in last 3 days. Here’s why

Defence PSU stocks GRSE and Cochin Shipyard rallied over 40% in the last three days of trade on BSE as both firms reported strong June quarter results. Shares of GRSE, a warship maker, jumped over 42% in the last three sessions. Meanwhile, in Thursday’s trade, the stock advanced over 7% and hit a new 52-week … Read more

Ahead of Market: 10 things that will decide D-Street action on Thursday

Ahead of Market: 10 things that will decide D-Street action on Thursday

Indian equities ended on a positive note on Thursday, despite weak global sentiment. The Nifty settled with a minor gain of 30 points at 19,465, while the Sensex added 137.5 points, ending at 65,539. Sectorally, the media, realty, and healthcare indices led, while the metal index ended with a decline of 0.94%. Investor sentiment has … Read more

Defence stocks rally up to 20% on strong growth prospects

Defence stocks rally up to 20% on strong growth prospects

Shares of defence companies were buzzing in Tuesday’s trade, with Premier Explosives leading the rally on favourable growth prospects, backed by robust order book and healthy pipeline. While Premier Explosives was up nearly 20% in intraday trade, Bharat Dynamics and Zen Technologies rose 15% and 13%, respectively. Mazagon Dock Shipbuilders, on the other hand, was … Read more

Mid and smallcap indices hit new 52-week high. What should investors do?

Mid and smallcap indices hit new 52-week high. What should investors do?

On the back of low inflation and lower raw material prices led by a decline in crude oil prices mid and smallcap indices hit their new 52-week high. The Nifty Midcap100 index surged 0.71% to 35,397, while the Nifty smallcap100 index rose 0.78% to 10,824 in Monday’s trade. Meanwhile, since April, Nifty Midcap100 gained 12.5%, … Read more