Jefferies said its top stock picks among engineering and construction companies are Hindustan Aeronautics, Siemens, Larsen & Toubro and KEI Industries. The brokerage said the order flow of companies in these segments rose by 28% in FY25, led by HAL and Siemens. Agencies “Operating leverage was seen for most companies led by defence stocks, which … Read more
“Look at companies like UltraTech Cement. They have performed very well, much better than market expectations. Yes, monsoon is not a time for cement, but in spite of that market is appreciating the performance of some of these large companies,” says Sudip Bandyopadhyay, Group Chairman, Inditrade Capital.Give us a sense of what you have made … Read more
After two straight sessions of gains, defence stocks saw profit booking on Wednesday, 30 April, even as geopolitical tensions between India and Pakistan remained elevated following the deadly Pahalgam terror attack. Shares of Hindustan Aeronautics (HAL), Garden Reach Shipbuilders & Engineers (GRSE), Data Patterns, Cochin Shipyard, and others declined up to 5.2% during the session. … 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
Shares of PSU company Hindustan Aeronautics (HAL) today surged 4% to an intraday high of Rs 4,246 on the BSE today after the company on Thursday reported a consolidated net profit of Rs 1,510 crore for the quarter that ended September 30, 2024, rising 22% over Rs 1,237 crore reported in the year-ago period. The … Read more
A recent study conducted by Value Stocks, a smallcase manager, provides insight into the valuation of Public Sector Undertaking (PSU) stocks. The research firm analyzed 91 PSU stocks listed on the National Stock Exchange (NSE), categorizing them into 26 subgroups. The findings reveal that only five sub-groups are overvalued, five are fairly valued, while a … Read more
“I think the time has come for them to really take charge or take lead or join the overall bullish camp and that is what is sort of happening. A lot of people have started to relook at HDFC Bank,” says Rohit Srivastava, Strike Money Analytics & Indiacharts.What are you reading of this kind of … Read more
May 16, 2024, 07:08:12 PM IST Mutual funds buy and sell securities to actively manage their portfolios. Here is the list of top 10 largecap stocks sold by mutual funds in April, according to a report by ICICI Direct Research. ETMarkets.com 2/11 Jio Financial Services The fund houses had 2,661 lakh shares of Jio Financial … Read more
It was yet another successful divestment for the government as NHPC’s offer for sale (OFS) received a massive response from both institutional and retail investors. The OFS, which opened for retail investors on Friday, was subscribed 1.4 times, with the government getting bids for over 3.8 crore shares against 2.5 crore shares on offer. The … Read more