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.
The defence index has recorded decline in six out of seven straight sessions.
The defence stocks saw significant rally earlier this year, but analysts now flag high valuations.
Order book at Hindustan Aeronautics doubled in FY25
The decline in defence shares comes after some of them rallied as much as 80% in the past three months
Motilal Oswal Financial Services initiated a 'Neutral' rating on BDL shares, with a target price of Rs 1,900 apiece. This implies a downside potential of more than 4% from the stock's previous closing price.
Valuations of Hindustan Aeronautics, Bharat Electronics, Bharat Dynamics, Cochin Shipyard have increased significantly
Defence stocks: Paras Defence shares rallied 9% after turning ex-split.
On July 3, defence stocks like Data Patterns, Dynamatic Technologies, MTAR Tech, Paras Defence, Hindustan Aeronautics, BEML rose 0.6%-1%
Defence stocks: 'Further profit-taking appears likely and would be considered healthy, given the significant rally in recent weeks,' says Ajit Mishra from Religare Broking.
Defence stocks: The sharp rise in the share prices pushed the Nifty Defence index up nearly 1.7 percent to hover around 9,037 in the morning.