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

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

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

Market Movers: Defence stocks rally up to 4% after govt’s Rs 76,000 cr-push

Market Movers: Defence stocks rally up to 4% after govt’s Rs 76,000 cr-push

NEW DELHI: Shares of defence companies defied the weakness in the broader market and managed to close with gains as the government as a council gave preliminary approval to military modernization projects costing Rs 76,000 crore, including the Navy’s next-generation corvettes. The approval will help cut India’s dependence on imports for military equipment as most … Read more