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Paras Defence shares fall over 2% after 30% rally in 3 sessions. What are charts suggesting?
Paras Defence shares saw a dip after a significant rally, yet technicals suggest a bullish trend supported by strong momentum. Foreign investors are increasing their stake, reflecting optimism in India's booming defence manufacturing sector. Indigenous production has surged, driven by the 'Aatmanirbhar Bharat' initiative, with private players contributing substantially. Experts foresee a promising future for the Indian defence industry, bolstered by global geopolitical shifts and increased domestic spending.
Bharat Forge bags Rs 425 crore defence contract from MoD
Bharat Forge has signed a contract worth Rs 425 crore with the Ministry of Defence (MoD) for the supply of Gas Turbine Generators (GTGs) to the Indian Navy for onboard power generation on Kolkata-class warships.
GRSE shares jump 5% after PSU conferred 'Navratna' status. What this means for the warship-maker?
GRSE shares surged nearly 5% after the defence PSU was granted Navratna status, boosting investor sentiment. The status allows greater financial autonomy for expansion. Strong revenue and profit growth over recent years, along with capacity expansion plans, position the warship-maker for sustained long-term growth.
Defence stock Garden Reach Shipbuilders jumps 5% after being conferred with Navratna status
Garden Reach Shipbuilders & Engineers shares rose nearly 5% following the DPE granting Navratna status due to its strong financial performance. Revenue jumped from ₹1,754 crore to ₹7,002 crore in five years, aiding broader initiatives like Atmanirbhar Bharat.
Goodluck India gains after arm secures Rs 255 crore defence order
Goodluck India advanced 3.12% to Rs 1,463.85 after the company's subsidiary, Goodluck Defence and Aerospace, has secured an order worth approximately Rs 255 crore for the supply of 155 mm long-range empty shells in ready-to-fill condition.
PM Modi Commissions Three Indigenous Warships, Signals India's Shift From Defence Buyer To Builder
PM Modi said the three warships embody India's growing technological and industrial capabilities.
Easing West Asia tensions boost IPO activity, 3 issues to open next week
The primary market is showing signs of revival as improving geopolitical conditions in West Asia have boosted investor sentiment, prompting three mainboard IPO launches next week and paving the way for more public issues in the pipeline. Cordelia Cruises operator Waterways Leisure Tourism, Jaipur-based jewellery manufacturer Advit Jewels, and IT solutions provider CSM Technologies will launch their maiden public issues over the next few days, while packaging solutions provider Knack Packaging is expected to announce its price band. Quick commerce unicorn Zepto is looking to raise over Rs 10,000 crore, and the country's largest fund house, SBI Mutual Fund, plans to launch its Rs 13,000-crore public issue next month, according to people familiar with the development. In June, CMR Green Technologies and Hexagon Nutrition have already launched their IPOs, while the public issue of insurtech unicorn Turtlemint Fintech Solutions is currently underway. Adding to the momentum, the National
Will Nifty hit 25,000 this month? Key levels to watch in the week ahead
Nifty eyes a potential up move, with immediate targets at 24,300–24,600, though a dash to 25,000 this month appears uncertain. The IT index remains technically weak, while the defence index shows strong momentum, hitting a 52-week high. Experts recommend buying Radico Khaitan and Redington, citing bullish continuation setups and recovery signs respectively.
India needs greater self-reliance, lower dependence on foreign capital, defence, energy and tech: Kotak - Moneycontrol.com
India needs greater self-reliance, lower dependence on foreign capital, defence, energy and tech: KotakMoneycontrol.com
Bharat Forge secures order worth Rs 425 cr from Ministry of Defence
For supply of gas turbine generators to Indian Navy
Goodluck India arm bags Rs 255 crore defence order
Goodluck India announced that its subsidiary, Goodluck Defence and Aerospace, has secured an order worth approximately Rs 255 crore for the supply of 155 mm long-range empty shells in ready-to-fill condition.
Weekly Market Wrap: NIFTY50, SENSEX rise 2%, SMIDs shine, Nifty India Defence jumps nearly 7%; Trent tops list - Upstox
Weekly Market Wrap: NIFTY50, SENSEX rise 2%, SMIDs shine, Nifty India Defence jumps nearly 7%; Trent tops listUpstox