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 […]
Indian Defence stocks
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 […]