HDFC Defence Fund-Reg(G), which was a top performer among the equity mutual fund schemes in April with returns of 12.56%, added three new stocks to its portfolio in the month gone by. These were Garden Reach Shipbuilders & Engineers, JNK India and Mazagon Dock Shipbuilders. Meanwhile, the scheme increased its holding in seven stocks while … Read more
Mazagon Dock Shipbuilders Ltd, part of the ship-building space, has rallied more than 180% in a year but has come under some selling pressure at record highs, but it has found support around the 100-EMA on the daily charts. The stock rose from Rs 749 as on 20th February 2023 to Rs 2136 recorded on … Read more
With the earnings season nearing the end, more than 500 companies are scheduled to release the earnings for the quarter and half-year ended September on Wednesday. The big ones to watch out for will be United Spirits, Lupin, Oil India, Mazagon Dock Shipbuilders, Bharat Heavy Electricals, Pidilite Industries, Tata Power Co, and Patanjali Foods. The … Read more
Midcap stocks with lower free float outdid their peers in the past six months in terms of returns, according to an analysis by Kotak Institutional Equities. State-run Mazagon Dock Shipbuilders and Indian Railway Finance Corporation (IRFC) occupy top slots in the list of 20 best-performing midcap stocks, which also features Fertilizers and Chemicals Travancore (FACT), … Read more
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
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
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
Indian equities ended on a somewhat flat note amid mixed global cues in a range-bound trade. The Nifty finished below 19,750, slipping a marginal 20 points. Sectorally, IT, metal, pharma, and private bank indices saw gains, while all other sectors experienced cuts. Given the current market dynamics, analysts recommend adopting a stock-specific approach in the … Read more
Boosted by positive Q1 earnings by some counters and strong global cues, Indian equities rallied to fresh record highs for yet another session on Thursday. Nifty ended shy of 20,000 levels. Nonetheless, Friday’s session may be influenced by Infosys earnings wherein the IT behemoth sharply slashed its revenue guidance for FY24. Here’s how analysts read … Read more
Amid positive global cues, Indian equities recorded a fresh lifetime high intraday on Thursday, with Sensex hitting 66,000 levels for the first time. Nonetheless, selling in blue chips led the indices to pare intraday gains with Nifty ending at 19,414 points, while Sensex settled at 65,559, adding 0.25%. Meanwhile, broader markets underperformed the headline indices. … Read more