Latest news with #BharatDynamics
Times of Oman
17 hours ago
- Business
- Times of Oman
India looking at option of buying more S-400 air defence systems from Russia
New Delhi: With the S-400 air defence missile systems performing very well during Operation Sindoor, India is considering the option of buying two more squadrons of S-400 long range surface-to-air missile systems from Russia, defence sources told ANI. The sources said more systems of the S-400 are being considered due to security threats in view of the recent hostilities and the time to be taken in the development and deployment of the indigenous LRSAM programme, codenamed Project Kusha by the Defence Research and Development Organisation, with Solar Defence and Aerospace Limited and Bharat Dynamics Limited as its development and production partners. The Indian side would prefer to get S-500 air defence system which has more range than the S-400 but it would require a clearance from the top Russian leadership for its sale, they said. The S-400 performed exceptionally in Operation Sindoor taking out multiple Pakistan Air Force fighter and airborne early warning aircraft. It also managed to create a record of sorts by successfully hitting an aircraft at a range of 300 plus kilometres. India is also awaiting the delivery of two more squadrons of the five S-400 squadrons that it had ordered in a 2018 deal. The first three squadrons have already been received and operationally deployed. Just before the delivery of the fourth squadron, war broke out between Russia and Ukraine. The systems meant for India were probably used in the war. The Russian side has now assured the delivery of the remaining two systems in the next financial year. Indian defence teams have also raised the issue with the Russian side and they have given assurances to not extend the schedule further.
Economic Times
3 days ago
- Business
- Economic Times
Bharat Dynamics Breaks Out of Consolidation; Technicals Point to More Gains
'Bharat Dynamics stock is showing strong bullish momentum after a healthy consolidation. The stock is trading above its 20-day EMA and holding key support at ₹1820. Traders can buy for a target of Rs 2100 in the next 1-2 weeks,' Ruchit Jayantilal Jain, VP, Head – Equity Technical Research at Motilal Oswal Financial Services Limited, said. Show more 05:12 06:51 02:03 01:33 01:39 04:18 05:40 04:05 01:34 06:58 02:15 05:13 05:49 04:16 06:46 07:02 02:22 01:20 05:13 04:31 02:05 02:05 04:06 06:16 01:28 07:08 01:38 04:40 03:48 02:17 06:32 01:25 02:35 04:55 06:21 04:31 01:40 06:04 05:39 07:05
Time of India
3 days ago
- Business
- Time of India
Bharat Dynamics Breaks Out of Consolidation; Technicals Point to More Gains
'Bharat Dynamics stock is showing strong bullish momentum after a healthy consolidation. The stock is trading above its 20-day EMA and holding key support at ₹1820. Traders can buy for a target of Rs 2100 in the next 1-2 weeks,' Ruchit Jayantilal Jain, VP, Head – Equity Technical Research at Motilal Oswal Financial Services Limited, said. Show more Show less
Mint
20-06-2025
- Business
- Mint
Questions raised as HAL outbids Adani Defence, Bharat Dynamics in Isro's SSLV ‘privatisation' attempt
Next Story Business News/ Companies / Questions raised as HAL outbids Adani Defence, Bharat Dynamics in Isro's SSLV 'privatisation' attempt Shouvik Das State-owned Hindustan Aeronautics, Adani Defence Systems's subsidiary, and Bharat Dynamics were the finalists among six shortlisted bidders for Isro's ₹ 511-crore small rocket contract. The contract will see HAL take full ownership of the small satellite launch vehicle (SSLV) that Isro built and first launched in August 2022. (PTI) Gift this article New Delhi: Almost three years since its first demonstrator mission launch, a ₹ 511-crore contract to privatize Indian Space Research Organisation's (Isro) small satellite launch vehicle (SSLV) was awarded toHindustan Aeronautics Ltd by the government's nodal space agency on Friday. New Delhi: Almost three years since its first demonstrator mission launch, a ₹ 511-crore contract to privatize Indian Space Research Organisation's (Isro) small satellite launch vehicle (SSLV) was awarded toHindustan Aeronautics Ltd by the government's nodal space agency on Friday. However, considering that HAL is a public sector undertaking overseen by the defence ministry, analysts, observers and proxy advisory firms are questioning whether the award truly qualifies as 'privatization' of the government-built rocket. The contract will see HAL take full ownership of the rocket that Isro built and first launched in August 2022. Pawan Kumar Goenka, chairman of Indian National Space Promotion and Authorization Centre (In-Space), said the project is 'not just a manufacturing contract—HAL will do end-to-end manufacturing, supply chain procurement, winning orders from clients, (and ) launching and maintaining the rocket in the long run". Isro will handhold HAL through the making and validation of the small rocket for two years. Beyond this period, Goenka said HAL can onboard Isro as an advisor on a commercial contract basis. As of 20 June, the Union government holds a 71% stake in HAL. 'The bid from HAL was carefully selected by In-Space, Isro, and NewSpace India Ltd (NSIL) through two bidding rounds. The first round saw the participation of nine companies, from which six were shortlisted. In the second round, three of the bidders dropped out, leaving HAL, and two consortiums—led by Alpha Design Technologies and Bharat Dynamics—as the finalists," Goenka said. Alpha Design is owned by Adani Defence Systems and Technologies Ltd. Neither HAL, NSIL or In-Space disclosed the cost of making the small rockets. Radhakrishnan Durairaj, chairman and managing director of NSIL, which is Isro's commercial space operations division, said the information 'would allude to SSLV's competitiveness on a global scale" and thus could not be disclosed. Industry stakeholders said the decision may not bode well for Isro's privatisation in the long run. Shriram Subramanian, founder and managing director of proxy advisory firm InGovern Research, said the move is 'strange, seeing that the contract was delivered to HAL without validating the firm's capability of delivering space projects as per timelines". Also read | How ISRO's 100th mission reflects its original startup spirit One hand to the other HAL, in partnership with Larsen and Toubro Ltd, was previously awarded an ₹ 860-crore contract to manufacture five units of Isro's larger rocket variant—the Polar Satellite Launch Vehicle (PSLV)—in September 2022. The initial timeline to deliver the first of the five PSLVs was two years. 'We are on track with the engineering efforts, and results from the PSLV contract will be seen very soon," said Barenya Senapati, director of finance at HAL, fielding questions on the company's space contract execution capability during Friday's announcement. 'Our air force engineering division is separate from our new space business, so the two work very differently and are not interconnected," Senapati said, without disclosing when the first PSLV will be delivered. The SSLV award may compound pressure on HAL at a time when the public sector undertaking has been in the firing line of the Indian Air Force itself in terms of its failure to deliver its contract of indigenous 'Tejas' combat aircrafts. 'In a way, this is a good thing for the other private startups," said Narayan Prasad Nagendra, space industry consultant and chief operating officer of Dutch space supply chain firm, Satsearch. 'HAL's contract is essentially a representation of a government contract shifting funds from one hand to another without specifically achieving anything. If at all, given HAL's current track record in space, this will make way for private startups such as Skyroot Aerospace and Agnikul Cosmos to win more clients and take a market lead," he added. Also read | Space tourism: Can Isro beat Blue Origin? On the flipside, others said the move may have come out of necessity. Chaitanya Giri, space fellow at global think-tank Observer Research Foundation, said that 'since the other two final bids for the SSLV were through consortia, In-Space and Isro were really left with only one choice to execute a clean, simple contract for the SSLV". However, Giri added that 'the move to award the contract to HAL cannot strictly be called privatization—it is better to be referred to as commercialization by bringing a legacy Indian industry name into the nascent field". 'It also shows that the Indian government is not yet fully confident in India's private space firms, which could be another reason behind HAL winning the small rocket contract," Giri added. In-Space's Goenka, however, said HAL winning the contract 'was not a subjective decision". 'HAL was the highest bidder, and also cleared In-Space and Isro's technical evaluation process in terms of its capability under all parameters, thereby emerging with the contract as per the official process," he said. Topics You May Be Interested In Catch all the Business News , Corporate news , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
Mint
19-06-2025
- Business
- Mint
Indian stock market: Mid-cap magic drives index 20% higher in just 4 months. Will this breakneck rally extend or end?
Mid-cap stocks outlook: Buoyed by improving investor sentiment and a renewed appetite for risk, mid-cap stocks have taken centre stage on Dalal Street. The Nifty Midcap 100 index has surged nearly 20% over the past four months, driven by strong earnings growth and a shift in market leadership. Q4 FY25 marked a clear turning point, with mid-caps outshining both large and small-caps on the earnings front. The Motilal Oswal Midcap universe reported 19% YoY PAT growth—nearly double that of large-caps and well ahead of small-caps. Amid a volatile start to the year, amid tariff uncertainty, foreign investor outflows, and broader economic concerns, the Nifty Midcap 100 is just 1% higher YTD, yet, within the index, select stocks have soared up to 75% in 2025—led by defence counters. Top gainers include Solar Industries, Bharat Dynamics, Mazagon Dock, and Cochin Shipyard, with support from BSE, SBI Cards, and Aditya Birla Capital, reflecting broad-based participation across sectors. This rally also coincides with the return of foreign institutional investor (FII) inflows, totalling ₹ 11,544 crore, alongside 23 consecutive months of domestic institutional investor (DII) buying. "Overall domestic flows have been strong in June and 2025. In June, around ₹ 50,000 crore of stocks have been bought by DIIs, and the trend has remained the same for 2025 as well. Out of this, 34-40% of the flows have gone into mid-cap stocks," said Vaqarjaved Khan, Sr. Fundamental Analyst, Angel One Ltd, pegging it as one of the key reasons behind the rise in mid-cap stocks. Encouraging Q4 earnings results from several companies, particularly in the mid-cap space, have boosted investor confidence and driven buying interest, opined Avinash Pathak, Analyst at LKP Securities. According to a Motilal Oswal report, the midcap space saw a favourable upgrade cycle this quarter, reversing the downgrade-heavy trend seen in the past three quarters, signalling improved earnings visibility and greater investor confidence. A healthy Indian economy and RBI rate cut are among other factors that Pathak believes lend support to the mid-caps. With many factors aligning for the rally in mid-cap stocks, the key question remains how long this trend will sustain, as valuations are becoming stretched following such a sharp rise. The Nifty Midcap 100 index, at around 29.3x FY26 estimated earnings, is trading at a premium to its 10-year average. This raises concerns about overvaluation in certain pockets, especially if earnings growth doesn't keep pace, said LKP Securities' Pathak. He added that we have already seen instances of profit booking in small and mid-cap stocks after multi-day rallies, suggesting that investors are becoming watchful of valuations. Even today (June 19), the Nifty Mid-cap 100 is down for the third day, underperforming the benchmark, as the Iran-Israel conflict hammers sentiment. "The sustainability will largely depend on continued strong earnings growth and margin stability for mid-cap companies. Any disruption in global demand or resetting of cost bases could impact this," Pathak opined. He advised focusing on fundamentally strong mid-cap companies with good earnings visibility, lower debt, and sectoral tailwinds, which will be crucial rather than a broad-based approach. As per ICICIDirect, Nifty midcap is undergoing a healthy retracement after a 28% rally, which should be used as a buying opportunity based on a few factors. "Since the April low, the midcap index has not corrected >6% while on the weekly chart it has not closed below its previous week's low. In the current scenario, despite ongoing volatility, the midcap index has been maintaining the same rhythm. Further, the ratio chart of Nifty 500/Nifty 100 has been inching upward, which indicates relative outperformance," the brokerage said. Motilal Oswal also believes that midcaps are no longer just a beta play—they are increasingly becoming alpha generators. Their ability to adapt, diversify, and scale across core economic themes like electrification, infrastructure, and financial inclusion reinforces their relevance in long-term portfolios, it added. Angel One's Vaqarjaved Khan recommended being watchful and selective. "Over the next one year, the outperformance can continue if global macro holds stable, corporate earnings delivery happens, and Government spending momentum continues. Avoid stocks that have stretched valuations compared to their historical averages and peers," Khan added. Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
