Defence stocks – International Markets Value Circle (IMVC)

Apollo Micro Systems share hits 5% upper circuit after it secures order from Indian Army

Aman — Mon, 15 Jul 2024 08:37:36 +0000

Apollo Micro Systems shares rose significantly in early trading after the company announced that it had received orders from the Indian Army. Defence and aerospace stocks opened at ₹109.76 per on NSE, reaching a 5-percent increase within seconds of the Indian stock market’s opening bell.

On Friday last week, the small-cap company told Indian stock markets that it had received the Make II project from the Indian Army to buy a Vehicle Mounted Counter Swarm Drone System. According to the company, this is the defence company’s first Make II project win. The company stated that there would be no expense involved in the Make II project.

This defence and aerospace stock is available for trading on the BSE and NSE. With a market capitalization of ₹3,364 crore, the defence stock is among the top small-cap stocks on Dalal Street.

Disclaimer: The information provided in this article is for informational purposes only and should not be considered as financial advice. The data and figures presented are based on publicly available information and may be subject to change. Before making any investment decisions, it is recommended to conduct thorough research, consult with financial advisors, and consider your individual investment goals and risk tolerance. The author and publisher of this article do not assume any responsibility for any investment decisions made based on the information provided.

Garden Reach Shipbuilders shares hit record high in early deals as the company wins $21 million order

Aman — Mon, 01 Jul 2024 05:26:34 +0000

Garden Reach Shipbuilders’ shares jumped nearly 10% on Monday after the company received a contract with the Bangladesh government to build an Advanced Ocean-Going Tug.

According to an exchange filing, the company will be engaged in the Ocean Going Tug Vessel’s design, construction and delivery.

Garden Reach is expected to complete this approximately $21 million order during the next 24 months.

The tug will have an overall length (LOA) of around 61 meters, a width of approximately 15.80 meters and a depth of approximately 6.80 meters.

The order comes only a couple of days after the company signed a contract with a German company to provide at least four multi-purpose cargo vessels.

Garden Reach shares rose 9.97% to a record high of Rs 2309 in early BSE trading. Garden Reach shares witnessed a record turnover of Rs 112.19 crore today, with 4.97 lakh shares changing hands on the BSE. Garden Reach’s shares fell to a 52-week low of Rs 558.60 on July 4, 2023.

Mazagon Dock Shipbuilders hits 52-week high on bagging ‘Navratna’ status

Aman — Wed, 26 Jun 2024 05:33:31 +0000

Mazagon Dock Shipbuilders, a renowned defence public-sector shipyard under the Ministry of Defence (MoD) in India, had a 7.5% increase in share price to an all-time high of ₹4,271.

As of 11:02 AM, the Mazagon Dock Shipbuilders shares were trading 6.45% at Rs 4227.00.

This increase came after the company disclosed through an exchange filing that the Department of Public Enterprises (DPE) had accepted the proposal to grant Mazagon Dock Shipbuilders Navratna status. This places the business as the 18th Navratna company among public sector enterprises.

In India, public sector enterprises (PSEs) are granted Navratna status based on criteria that include autonomy, operational efficiency and financial performance. To qualify, a company must first fulfil certain financial benchmarks and be a Miniratna Category I PSE, showing consistent profitability.

In 2006, the Department of Public Enterprises granted the company Miniratna Category I status.

Defence stocks tumble; Bharat Dynamics and HAL fall between 5% to 6%

Aman — Wed, 19 Jun 2024 07:23:35 +0000

Following a continuous run in the last several trading days, defence stocks took a small break today as investors booked profits. Shares of Bharat Dynamics dropped 5.6% to ₹1,536 each, while Hindustan Aeronautics and Bharat Electronics dropped 4.8% and 3%, respectively.

Stocks of multibagger shipbuilders, including Garden Reach Shipbuilders & Engineers, Cochin Shipyard and Mazagon Dock Shipbuilders, fell by 3% to 5%.

Throughout intraday trading, the following defence stocks had declined: ideaForge Technology, Zen Technologies, Avantel, PTC Industries, Solar Industries India, Astra Microwave Products, MTAR Technologies and Walchandnagar Industries. Despite the decline in shares, Paras Defence maintained its 2% gain, trading at ₹1,437 per share.

Defence stocks drop up to 9%; Bharat Dynamics, Bharat Electronics, Mazagon Dock Shipbuilders are down by 6%

Aman — Tue, 04 Jun 2024 04:36:40 +0000

Following the recent bull run in these counters, investors dashed to take home partial profits, causing shares of defence-related companies to drop around 9% in opening trading on June 4.

Defence stocks have been the hit of the year under the Modi government, achieving new highs on the basis of the government’s drive toward the indigenization of defence production under the Atmanirbhar Bharat theme.

The majority of defence stocks have produced gains that have more than doubled over the last 12 months, including Bharat Dynamics, Bharat Electronics, Hindustan Aeronautics, Mazagaon Dock Shipbuilders and Cochin Shipyard. Analysts predicted that on the day of the general election, there would be a wave of profit booking as investors were sitting on massive profits.

Among the defence category, Hindustan Aeronautics’ shares suffered the most at 09.27 am, falling more than 7% on the BSE. Shares of Bharat Dynamics, Bharat Electronics, Hindustan Aeronautics, Mazagon Dock Shipbuilders, and Cochin Shipyard were all down about 6 per cent.

Among these, the stock prices of Hindustan Aeronautics, Bharat Dynamics and Bharat Electronics jumped by about ten per cent and reached record highs during the previous trading session due to exit polls indicating that the BJP-led NDA will return, clearing the path for the current government.

Disclaimer: The information provided in this article is for informational purposes only and should not be considered as financial advice. The data and figures presented are based on publicly available information and may be subject to change. Before making any investment decisions, it is recommended to conduct thorough research, consult with financial advisors, and consider your individual investment goals and risk tolerance. The author and publisher of this article do not assume any responsibility for any investment decisions made based on the information provided.

5 best defence stocks in India; HUL leads with 3,35,123.15 cr market capital

Aman — Sat, 01 Jun 2024 09:36:54 +0000

The defence sector in India has been steadily growing in recent years, owing to the government’s focus on sеlf rеliancе and the development of armed forces. As a result, the Indian defence sector has emerged as an important business opportunity for buyers seeking long-term growth possibilitiеs.

Here are 5 best defence stocks in India

Company Name	Market Cap (Rs. crores)	Stock Price (Rs.)
Hindustan Aeronautics Ltd	3,35,123.15	4,973.85
Bharat Electronics Ltd (BEL)	2,17,063.88	295.95
Bharat Dynamics Limited (BDL)	57,073.78	1,557.35
Cochin Shipyard Limited (CSL)	51,140.27	1,947.65
Mazagon Dock Shipbuilders Limited (MDSL)	64,117.25	3,184.05

1. Hindustan Aeronautics Ltd (HAL)

Hindustan Aeronautics Ltd (HAL) is one of India’s leading defence stocks, with a market capitalization of Rs. 3,35,123.15 crores and last closing stock price of Rs. 4,973.85. As a government-owned enterprise under the Ministry of Defence, HAL has been a prominent player in the aerospace and defence industries for eight decades. The company is responsible for the development, design, and production of various aircraft systems, including engines, avionics, helicopters, and aeroplanes for India’s military forces.

2. Bharat Electronics Ltd (BEL)

Bharat Electronics Ltd (BEL) is another major defence public sector undertaking (PSU) under the Ministry of Defence, established in 1954. With a market capitalization of Rs. 2,17,063.88 crores and last closing stock price of Rs. 295.95, BEL’s product portfolio comprises radars, communication equipment, and electronic warfare equipment.

3. Bharat Dynamics Limited (BDL)

Bharat Dynamics Limited (BDL), a state-owned company, specializes in the design, development, and manufacturing of guided missile systems, underwater weapons, and other defence equipment for the Indian military. These include anti-tank missiles, air-to-air missiles, surface-to-air missiles, and undersea weapon systems. BDL has a market capitalization of Rs. 57,073.78 crores and last closing stock price of Rs. 1,557.35.

4. Cochin Shipyard Limited (CSL)

Cochin Shipyard Limited (CSL), based in Kochi, Kerala, is a popular Indian shipyard established in 1972. With a market capitalization of Rs. 51,140.27 crores and last closing stock price of Rs. 1,947.65, CSL specializes in building commercial ships such as tankers, bulk carriers, and offshore support vessels. The company also manufactures battleships and other speciality boats for the Indian Navy and Coast Guard.

5. Mazagon Dock Shipbuilders Limited (MDSL)

Mazagon Dock Shipbuilders Limited (MDSL) is a well-known shipbuilding company in India that focuses on manufacturing warships and submarines for the Indian navy. With a market capitalization of Rs. 64,117.25 crores and last closing stock price of Rs. 3,184.05, MDSL has recently completed notable projects, such as the Visakhapatnam-class guided-missile cruisers and the Scorpene-class submarines.