Market investors are now eagerly waiting for the Finance Minister Nirmala Sitharaman to table the full budget for FY25. According to media reports, the government will present the budget in the third week of July, however, no official announcement has been made yet. Experts believe that the Indian stock market […]
Defence stocks
Garden Reach Shipbuilders (GRSE) enjoyed another bullish day as the PSU’s stock surged 18% to reach a new all-time high of ₹2,065 apiece during today’s intraday trade, before closing the session with a 11% gain at ₹1,946. Today’s rally pushed the stock’s gains to multibagger returns of 123% in CY24 […]
Fueling the recent surge in PSU counters are defence stocks, especially those involved in shipbuilding. These companies are experiencing substantial increases in share values, hitting record highs with each passing day. The uptrend is propelled by robust order wins and improvement in their financial performance. The Indian defence shipbuilding sector […]
As a result, defence stocks have emerged as standout performers over the past year, multiplying their investors’ wealth in a remarkably short span. Among the top performers in the defence industry, Mazagon Dock Shipbuilders has excelled, with a stellar return of over 277% in the past year. The company is […]
The Navratna Defense PSU reported a 30% increase in consolidated net profit, totaling ₹1,797 crore compared to ₹1,382 crore in the same period last year. Revenue from operations for the quarter grew by 32.18% year-on-year to ₹8,564 crore. For the full fiscal year (FY24), the company reported consolidated revenue from […]
In recent years, defence stocks have garnered significant attention from retail investors, buoyed by the government’s push for indigenous manufacturing initiatives such as “Make in India” and the rising defence budgets alongside modernisation efforts. Against this backdrop, Zen Technologies, a firm specialising in crafting combat training solutions and counter-drone systems […]
Although the company’s results, which were released during Wednesday’s market hours, aligned with analysts’ estimates, the management sounded optimistic regarding demand in FY25, which boosted investor sentiment towards the stock. The company anticipates that FY25 will be a year of growth, primarily propelled by the defence business, the industrial casting […]