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HAL offers the best risk-reward among defence stocks despite expensive valuations, says Equirus
Harshit Patel, Director of Equirus Securities expects Bharat Dynamics to be a key beneficiary of the Defence Acquisition Council's ₹52,000-crore approvals, while BEL, Data Patterns, Apollo Micro Systems and Astra Microwave are well placed to benefit from rising demand for defence electronics and anti-drone systems.
Zen Tech, HAL & other defence stocks rally up to 6% on DAC's Rs 52,000-crore approval. Motilal picks 3 shares to buy
Defence stocks rallied sharply on Monday after the Defence Acquisition Council approved procurement proposals worth around Rs 52,000 crore. Zen Technologies, ideaForge, HAL, BEL, Paras Defence and Data Patterns gained, while Motilal Oswal reiterated its 'Buy' ratings on HAL, Bharat Electronics and Astra Microwave.
Paras Defence, MTAR Tech, HAL Shares Rally In Trade As India's Defence Production Touches All-Time High
Paras Defence emerged as the top gainer, surging 12.89%, followed by Astra Microwave Products, which advanced 7.72%, and MTAR Technologies, up 6.99%. Data Patterns gained 4.81%, while Bharat Dynamics rose 4.39%.
Defence stocks in focus: MTAR, Astra Microwave soar up to 6%
Thus far in the month of April, Nifty India Defence index has outperformed the market by surging 8 per cent, as against 3 per cent gain in Nifty 50.
Middle East crisis to boost defence demand; Motilal Oswal favours 4 stocks
Motilal Oswal Financial Services has a 'Buy' rating on Bharat Electronics, Hindustan Aeronautics, Bharat Dynamics, and Astra Microwave Products
Astra Microwave to demerge space, meteorology & hydrology biz into a separately listed entity
Astra Microwave Products is planning a demerger. Its space, meteorology, and hydrology business will become a new company called Astra Space Technologies Private Limited. This move aims for sharper management focus and better operational efficiency. Shareholders can expect value unlocking. The company expects to complete this by the first quarter of FY28.