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BEL, GRSE: Defence stocks fall after 17% rally amid Iran war; time to buy?
The recent up move in Nifty Defence reflects renewed buying after a long phase of consolidation, says Om Mehra, technical analyst at SAMCO Securities. The analyst is bullish on BEL, BDL and GRSE.
BEL, HAL, other defence stocks fall up to 3% as Middle East war enters day 10. What are experts saying?
Indian defence stocks such as BEL, HAL and BDL fell up to 3% even as escalating tensions in the Middle East boost investor interest in the sector. Analysts say strong government spending, growing order books and rising geopolitical uncertainties could continue to support long-term growth prospects for defence companies.
Stocks to buy or sell: Dharmesh Shah of ICICI Sec suggests buying Astra Microwave Products shares on March 9
Escalating crude oil prices are set to impact India's economy and stock market, leading to inflation worries and a weaker rupee. The Nifty 50 is expected to decline as geopolitical tensions rise, with a notable shift towards safer investments observed in the market.
Top Stock Picks: L&T, HAL feature in CLSA's list for industrials; BHEL least preferred
The brokerage said that the government has been awarding multi-billion-dollar, multi-decade infrastructure contracts, which are expected to provide long-term revenue visibility for companies in the space.
The two defence stocks this portfolio manager likes
Conrad Saldanha, MD & Portfolio Manager of Neuberger Berman, says market uncertainty due to Middle East tensions has created selective long-term opportunities. He sees attractive valuations emerging in global IT services after a sharp correction, while tech fundamentals remain strong. In India, he is selectively adding large caps like Reliance Industries and Bharti Airtel and likes IT midcaps such as Coforge and Persistent Systems as well as defence play Data Patterns, on weakness. Disclaimer: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.
Tata Power shares have a 'meaningful re-rating opportunity' on these factors, IIFL says
Tata Power shares are trading at a 12-month forward Enterprise Value to EBITDA multiple of 10 times, which is lower than its long-term median of 11 times.
Mahindra to exit Japanese farm equipment business JV with Mitsubishi
Mitsubishi Mahindra Agricultural Machinery will exit the farm machinery sector. The joint venture plans to cease production and sales by early 2027. This decision comes after a review of market conditions and long-term viability. The company will continue supplying spare parts and honouring warranties. Affected employees will receive re-employment support.
Chris Wood picks IndiGo, Adani Power in India portfolio reshuffle
Jeffries' Christopher Wood has reshuffled his India portfolio, adding Adani Power and InterGlobe Aviation (IndiGo) while exiting Home First Finance and Le Travenues Technology (Ixigo). The ace investor remains overweight on India, citing reforms, strong domestic flows and long-term structural opportunity.
Motilal Oswal recommends this stock as a proxy to play the data center theme; check price target
Motilal remains bullish on MTAR's long-term growth trajectory, citing its structural positioning, strong earnings visibility and exponential order growth, anchored by a deeply entrenched customer relationship that is difficult to replicate.
Market Trading Guide: Buy Data Patterns and Finolex Cables on Friday for short term gains
The Nifty ended flat as financial stocks dragged despite gains in auto and consumer sectors. Technical indicators signal continued weakness, with resistance at 25,550–25,600 and downside risk toward 25,300. Analysts recommend buying Data Patterns and Finolex Cables on bullish breakouts.
Policy push, strategic corridors and manufacturing shift to power next phase of India’s industrial and warehousing boom
Over the long term, the sector is expected to be defined by greater efficiency, automation, sustainability, and deeper integration of technology into supply chains, reinforcing its role as a critical pillar of India’s economic growth story.
HEG subsidiary TACC signs long-term nitrogen supply pact with INOX Air Products
Shares of HEG Ltd ended at ₹564.70, up by ₹10.05, or 1.81%, on the BSE.