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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
Dixon Tech shares rocket 7%, reclaim Rs 10,000 mark after government clears JV with China’s HKC
Dixon Technologies shares soared 7% after receiving government approval to form a joint venture with China’s HKC Overseas to manufacture display modules in India. The partnership aims to boost local electronics manufacturing, support the domestic component ecosystem and reduce import dependence under the government’s Make in India initiative.
Dixon gets govt nod for JV with China’s HKC Overseas
Dixon Technologies has secured government approval for its joint venture with China's HKC Overseas. This partnership, under Press Note 3, allows for the manufacturing of display modules in India. Dixon will hold a majority stake, aiming to boost domestic electronics and automotive sectors. The venture will reduce reliance on international suppliers and strengthen the 'Make in India' initiative.
Avoid OMCs; prefer defence and summer plays: Chola Securities
Dharmesh Kant, Head of Research at Chola Securities, says oil marketing companies remain largely avoidable as they are cyclical, commodity-linked businesses with limited long-term wealth creation potential, especially as renewable energy gains share. He advises selective buying in market declines, favouring defence stocks like BEL and HAL and summer-linked plays such as LG Electronics and Blue Star. Kant also sees corrections in InterGlobe Aviation as a potential long-term buying opportunity despite near-term volatility.
Under scrutiny in India, Chinese electronics companies tap parents to keep going
Chinese electronics firms in India are leaning on their parent companies for financial aid. This support helps them navigate legal hurdles and regulatory issues. Companies like Vivo and Xiaomi are receiving backing through various financial instruments. This trend highlights the challenges faced by these businesses in the Indian market. Parent firms are providing crucial financial lifelines.
BEL signs MoU with SASMOS to boost indigenous defence manufacturing
Bharat Electronics signed an MoU with SASMOS HET Technologies to boost indigenous defense manufacturing, exchanged by Manoj Jain and H G Chandrashekar, witnessed by Rajnath Singh.
PSU banks better placed than private peers amid uncertainty, says LGT Wealth CIO
Chakri Lokapriya, CIO-Equities at LGT Wealth India, says geopolitical tensions and rising crude prices have created uncertainty for India, especially given its heavy oil import dependence. While sectors like textiles and PLI-linked electronics may still grow, margin pressures and a weaker rupee could weigh on profitability. He adds PSU banks remain relatively better placed than private peers due to strong government-led infrastructure spending, though prolonged high oil prices could impact treasury gains.
Salzer Electronics signs MoU with Finland-based Wirepas
To integrate Wirepas Certified platform into its smart electricity meters
South Korean defence stocks surge as high as 30% amidst ongoing US-Iran war
Defence stocks globally had seen a sharp surge on Monday with the escalation of the war in the Middle East. Indian stocks such as Paras Defence and ideaForge were up between 6% to 7%, while others such as Solar Industries and Bharat Electronics gained between 2% to 4%.
Voltas falls after BofA downgrade on rich valuations; prefers LG Electronics
The Voltas stock is also trading at an 8% premium to LG Electronics India, a valuation BofA finds difficult to justify.
Watch | Gurmeet Chadha & Devina Mehra on market strategy amid West Asia tensions
Devina Mehra, Founder, Chairperson and Managing Director of First Global and Gurmeet Chadha, Managing Partner & CIO of Complete Circle say geopolitical tensions may trigger short-term volatility but not a lasting bear market. Mehra advises using market dips to deploy cash, noting past conflicts fade from markets and crude spikes are usually temporary. She prefers autos, pharma and select cyclicals. Chadha remains overweight defence, citing opportunities in Solar Industries, Bharat Electronics and Zen Technologies, while also watching refiners amid oil price swings.
Bharat Electronics announces record date for interim dividend of Rs 1.95 per share
Bharat Electronics Limited announced an interim dividend of Rs 1.95 per share for FY26, with a record date of March 5. The company reported 21% YoY profit growth and robust revenue, with shares up 74% in the past year.