Mazagon Dock and German-based Thyssenkrupp Marine Systems GmbH are likely to sign a submarine manufacturing deal this year
Defence stocks: The rising geopolitical tensions globally may have boosted hopes for higher defence orders, in turn boosting the defence stocks.
Defence stocks jumped possibly due to expectations of sustained tensions after US raided Venezuela, abducting its President Nicolás Maduro and his wife.
Bharat Forge's shares rise after the company signed its largest small arms contract with the Ministry of Defence worth Rs 1,667 crore for supplying indigenously designed and developed close quarters battle carbines
Defence stocks: The Defence Acquisition Council (DAC) has cleared proposals worth Rs 79,000 crore to buy radars, radios, automatic take-off landing recording systems and other equipment for the armed forces.
US ordered increased economic pressure on Venezuelan oil shipments and carried out airstrikes against Islamic State militants in northwest Nigeria at the request of Nigeria's government
Value buying in defence shares for second consecutive session after four-day fall is one reason behind rally in defence shares
Defence stocks: The long-term story of defence stocks remains intact, and the current phase looks like a short-term correction, an analyst said.
The recovery in BEL came after the defence ministry announced that the company and France’s Safran Electronics & Defence have signed a joint venture cooperation agreement to produce the HAMMER precision-guided air-to-ground weapon in India.
FIIs trim defence bets after a sharp rally, raising questions on valuations even as BEL, HAL and other PSU majors post steady execution and reaffirm guidance.
On November 11, defence shares rose for the second straight day
Goldman Sachs has identified financials, consumer staples, defence, and OMCs as the key themes for investors to focus on over the next year
The DAC approvals open up new opportunities for key domestic defence players like BEL, BDL, GRSE, and others, said ICICI Direct Research
Amit Anwani of Prabhudas Lilladher said Samvat 2082 too could be strong for India's defence manufacturers, driven by strong government support, order inflows and Centre's push for self-reliance.
The fall in Indian defence stocks tracks the fall in Stoxx Europe Aerospace and Defense index
Goldman Sachs initiates coverage on eight Indian defence stocks due to various factors like six-fold rise in domestic defence spending, scope for indigenisation and export expansion
Bharat Electronics’ share in defence capital expenditure increased significantly in the last 10 years
India’s defence sector is gaining altitude, driven by GST cuts, fresh procurement orders, and an ambitious roadmap to modernise military capabilities.
Defence stocks: Today marks the record date for dividend payments from GRSE and Cochin Shipyard.
The sharp rise in the share prices pushed the Nifty India Defence index up 1.6% in the afternoon.
The possibility of easing global geopolitical tensions may have impacted the defence stocks, which have seen a massive decline from record peaks amid concerns over stretched valuations and lack of fresh triggers.
India’s Defence Acquisition Council has approved a series of procurements and upgrades for the Army, Navy, and Air Force, potentially benefiting firms like BEL, L&T, and HAL.
On August 4, Nifty India Defence index was trading 1.56% higher after falling nearly 8% in the last eight sessions
Defence stocks: The sharp fall in the share prices pushed the Nifty India Defence index down by half a percent to hover around 7,795, extending losses for the fifth session.