Defence stocks surge 50% in a month. ‘Operation Sindoor’ type tactical buy or overkill?

Defence stocks surge 50% in a month. ‘Operation Sindoor’ type tactical buy or overkill?

The successful launch of ‘Operation Sindoor’ in the early hours of Wednesday has once again turned the spotlight on Indian defence stocks, which have rallied nearly 50% over the past month, reflecting strong investor interest. However, experts caution against chasing the rally out of FOMO, stressing the importance of a selective, strategy-driven approach to stock … Read more

Defence Ministry places tender to purchase 97 additional Tejas Mk-1A fighters

Defence Ministry places tender to purchase 97 additional Tejas Mk-1A fighters

The Defence Ministry on Friday issued a tender to Hindustan Aeronautics Limited (HAL) for the acquisition of as many as 97 additional Light Combat Aircraft (LCA) Tejas Mark-1A fighter jets, senior officials told India Today TV. The HAL will have three months to respond to the Defence Ministry’s tender, they added. The tender to buy … Read more