D-Street betting big on the defence sector was unimpressed by Tuesday’s Budget outlay to the sector at Rs 4.54 lakh crore for FY2024-25 — a significant climbdown from Rs 6.21 lakh crore allocated by the government in the February interim Budget. As a result, stocks plunged by up to 10% on the intraday basis, but …
The stock market is abuzz with speculation on potential fiscal measures and their impacts ahead of the Union Budget 2024 presentation on July 23. Defence stocks such as Bharat Electronics Ltd (BEL), Hindustan Aeronautics Ltd (HAL), Bharat Dynamics Ltd (BDL), Cochin Shipyard Ltd, and Data Patterns India Ltd, are in focus on Monday morning as …
Shares of Bharat Electronics Ltd. (BEL), the Navratna defence PSU, have rallied 165% in the last 12 months. The stock has risen over 80% so far this year. Market expert Ashish Bahety now believes that the BEL stock has the potential to touch levels of ₹400 per share going ahead. “Short-term targets are set at …
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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 has maintained a positive tone …
The shares of the company have delivered a return of around 109 per cent to its shareholders in just 1 year only. Paras Defence and Space Technologies (PDST) is a private sector company primarily engaged …
Indian Prime Minister Narendra Modi returning to power for a rare third consecutive term will boost shares of defence, infrastructure, railway and capital goods companies, the head of brokerage Motilal Oswal Financial Services said. “These were areas where the government has focussed on, invested money. High probability that the ruling government will continue. If they …
PSU stocks are once again asserting their dominance on Dalal Street, with majority of them resuming their winning streak in recent sessions. Investors continue to add them to their portfolios, despite some trading at elevated valuations. Fueling the recent surge in PSU counters are defence stocks, especially those involved in shipbuilding. These companies are experiencing …
The stock gave multibagger returns of 233 per cent in just 1 year and a whopping 870 per cent in 3 years. Today, shares of Hindustan Aeronautics Ltd (HAL) gained 1.46 per cent and made …
The stock gave multibagger returns of 160 per cent in just 1 year, 430 per cent in 3 years and a whopping 1,700 per cent in a decade. Today, one of the Top Gainers on …