Latest news with #NiftyDefence
Mint
24-06-2025
- Business
- Mint
BEML, GRSE to Zen Tech: Defence stocks fall over 6% on signs of de-escalation in Israel-Iran war after ceasefire
Defence stocks in focus today: Defence stocks including BEML, Paras Defence, Garden Reach Shipbuilders, Cochin Shipyard and HAL came under selling pressure in Tuesday's trade, June 24, after having remained in high-flying mode in recent sessions on the Indian stock market amid rising tensions in the Middle East. However, as signs of de-escalation between Iran and Israel appear to be emerging, investors chose to book profits in these counters. Seventeen out of eighteen constituents in the Nifty Defence index began the session in the red, dropping up to over 5% in early trade. BEML was the top laggard, falling 6.4% to hit an intraday low of ₹ ₹ 4,481, while Garden Reach Shipbuilders was the second-biggest drag, slipping 5.2% to ₹ 3,313 apiece. Other major defence stocks, including Mishra Dhatu Nigam, Astra Microwave, Paras Defence, Bharat Dynamics, Data Patterns, Zen Technologies, Unimech Aerospace, and Cochin Shipyard, also declined over 2%. The broader fall led the Nifty Defence index to crack 2.2%, hitting a day's low of ₹ 8,868, marking its second-biggest intraday drop in June so far.
News18
23-06-2025
- Business
- News18
Defence Stocks Fire Up On Escalating West Asia Tensions; Paras Defence, BEL Gain Up To 5%
Last Updated: Defence Stocks Rally: Shares of defence companies surged on June 23 after the US launched strikes on key Iranian nuclear facilities Defence Stocks Rally: Shares of defence companies surged on June 23 after the US launched strikes on key Iranian nuclear facilities, heightening tensions in the Middle East and fuelling expectations of increased defence spending globally. The Nifty Defence index rose nearly 1.7% to hover around 9,037 in morning trade. Zen Technologies and Paras Defence were the top performers, rising up to 5% and trading at around Rs 1,995 and Rs 1,718, respectively. Zen Tech was locked in its upper circuit. Other notable gainers included Astra Microwave, Bharat Electronics (BEL), Garden Reach Shipbuilders (GRSE), and Data Patterns — each gaining over 2%. Mazagon Dock rose nearly 2%, while Cochin Shipyard and DCX India added over 1.5% each. BEL also emerged as the top gainer on the Sensex. Hindustan Aeronautics (HAL), Bharat Dynamics (BDL), and BEML traded with modest gains, while Solar Industries bucked the trend with marginal losses. Meanwhile, drone-tech firm IdeaForge hit the upper circuit with a 10% rally to Rs 631.05. The rally came after former US President Donald Trump announced a successful strike on three of Iran's main nuclear enrichment sites. In a televised address, Trump claimed the facilities had been 'completely obliterated" using bunker-buster bombs and Tomahawk missiles, while also warning Iran of further action if a peace deal is not reached. Israeli Prime Minister Benjamin Netanyahu hailed the move, calling it a 'bold decision" to deny nuclear weapons to a dangerous regime. Though US officials clarified that Washington is not at war with Tehran, the heightened rhetoric added to global market volatility. Indian defence stocks have already been in focus in recent months. In May, India carried out cross-border strikes under 'Operation Sindoor' against terror outfits in Pakistan, boosting investor interest in the sector. The ongoing Russia-Ukraine war has further supported sentiment toward defence plays. However, analysts remain divided. While some expect strong order inflows to continue, others caution that current valuations in the sector may be running ahead of fundamentals. 'Defence stocks have been highly volatile lately, rallying strongly after Operation Sindoor, then seeing profit booking, and now rising again amid Middle East tensions. This reflects a mix of short-term momentum and long-term optimism. Geopolitical risks and a stronger push for domestic defence manufacturing have boosted investor confidence. With India's defence spending at just 1.9% of GDP, there's significant room for long-term growth," said Ajit Mishra, SVP, Research, Religare Broking. 'However, the sharp rally has brought valuation concerns, making near-term volatility likely. Investors should remain selective, focusing on companies with robust order books, sound financials, and strong execution. While the momentum may fluctuate, the long-term outlook for India's defence sector remains structurally attractive in an increasingly uncertain global landscape," he added. Sankhanath Bandyopadhyay, Economist at Infomerics Valuation and Ratings, meanwhile, said, 'Defence stocks look promising due to the ongoing geopolitical tussle between Iran and Israel. Moreover, the Indian government is likely to enhance defence spending from the current ~2 per cent of GDP to 3–4 per cent over the next decade. Further, the government has targeted Rs 25,000 crore in defence exports by 2025–26." He added, 'Investors can focus on export-driven defence stocks with long-term potential. In the current scenario, geopolitical tensions will likely be lingering between different countries, especially as being reflected in rising tensions in the Middle East. Investors should carefully assess the financials and outlook of such stocks before investing, and there should be a judicious mix so that a healthy dividend can also be earned." Disclaimer:Disclaimer: The views and investment tips by experts in this report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.
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Business Standard
16-06-2025
- Business
- Business Standard
HAL vs BEL: One defence stock that is a must-have in your portfolio
Technical charts show that HAL and BEL have zoomed around 1,000 per cent in little more than 5 years post a significant breakout on the monthly scale. Rex Cano Mumbai Listen to This Article Defence stocks are in a midst of a phenomenal run on the bourses, with the Nifty Defence index up a whopping 71 per cent in the last three-and-half months, i.e. since the end of February 2025. In comparison, the NSE benchmark - Nifty 50 index has advanced 11.7 per cent in the same period. Among individual defence shares, Garden Reach Shipbuilders & Engineers (GRSE) and Data Patterns (India) have more-than-doubled investors' wealth. GRSE has zoomed 144 per cent, and Data Patterns has vaulted 109 per cent. Bharat Dynamics, Solar Industries, Zen Technologies, Astra Microwave Products, Paras Defence and
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Business Standard
05-06-2025
- Business
- Business Standard
GRSE, BDL among 9 defence stocks up over 70% in 2 mths; time to book gains?
Shares of Indian defence-related companies have witnessed a spectacular bull-run on the BSE and the NSE in the last two months, with the success of ' Operation Sindoor ' adding fire-power to already pumped-up shares in the month of May. The NSE Nifty Defence index has zoomed as much as 59 per cent from its April 7 low of 5,645 to the current 8,970 levels. In comparison, the NSE Nifty 50 index has gained 14 per cent in the same period. Among the Nifty Defence constituents - 50 per cent of the stocks i.e. 9 out of the 18 defence shares have zoomed more than 70 per cent in the last two months, shows ACE Equity data. Garden Reach Shipbuilders & Engineers (GRSE) is the top mover, the stock has soared 138 per cent. It is followed by Data Patterns (India), which has zoomed 114 per cent. Paras Defence And Space Technologies, Astra Microwave Products, Mishra Dhatu Nigam (Midhani), BEML, Bharat Dynamics (BDL), Cochin Shipyard and Solar Industries India are the other 7 stocks, up in the range of 70 - 98 per cent. Given the recent sharp rally, analysts recommend it won't be a bad idea to take home some profit off the table, but remain optimistic of the future growth prospects. Kranthi Bathini, director - equity strategy at WealthMills Securities says that defence stocks seem to be fully priced-in at current levels; hence taking some profits from the medium-to-short term seems advisable. On the downside, these stocks could correct between 15-20 per cent, the analyst said. However, the long-term outlook for defence stocks remains upbeat given India's focus on domestic manufacturing, coupled the with export market. The order book and earnings visibility looks very good for these companies, Kranthi added. That apart, post Operation Sindoor, analysts believe the Indian government may increase Budget outlay for the defence sector. Reports indicate that India's defence budget may receive an additional allocation of ₹50,000 crore under a supplementary budget. In the Union Budget presented on February 1, Finance Minister Nirmala Sitharaman had earmarked a record ₹6.81 trillion for the defence sector for FY26, an increase of 9.2 per cent when compared to the budget allotment of ₹6.22 trillion in FY25.
India Today
20-05-2025
- Business
- India Today
Is the defence stock party over? Here's what investors need to know
The rally in defence stocks on Dalal Street came to a halt, with shares across the sector falling on Tuesday due to profit booking and concerns over high prices. This comes after a strong rally that pushed many defence stocks to record of Paras Defence and Cochin Shipyard dropped more than 6% each during the day. The broader Nifty India Defence index was also down by 1.4% around 11:50 am. This was the second day in a row that defence stocks saw a fall, following several weeks of recent fall in defence shares has come after a steep rise. Since February, the total market value of defence companies has jumped by almost 50%, reaching around Rs 11.2 lakh crore by mid-May. This surge was driven by hopes linked to 'Operation Sindoor' and growing interest in India's local defence further back, the Nifty Defence index has risen by 350% between July 2022 and July 2024. However, by February 2025, the index had dropped 38% as the market became cautious. Operation Sindoor gave new life to defence stocks, sparking another rally over the past few Bathini, Equity Strategist at WealthMills Securities Pvt Ltd, the recent rise in defence stocks has been sharp and fast."Defence stocks have rallied strongly and there is a lot of euphoria in defence stocks. On average, defence stocks have rallied nearly 30 to 40%. So, one can book some profits in the medium to short term, but one can buy on dips further in the defence stocks are concerned. Long term outlook is bullish, but in the medium term, given the kind of rally that we witnessed, it is better to take some profit from the table in defence stocks," he also pointed out that defence shares have gone up quite a bit over the last two weeks."Defence stocks in the last fortnight and last one week have witnessed a stellar rally. Now the stocks are entering into a consolidation zone, we are witnessing some kind of profit booking. All these stocks have rallied nearly 40 to 50 percent from its recent lows," he short-term investors may want to lock in profits, Bathini believes that the long-term story for defence companies remains intact.'They are fairly valued at this point of time. The long-term order book and earning visibility is strong for these defence companies. On a longer-term basis, the defence stocks are going to rally,' he also had advice for those wondering what to do next.'But in the medium to short term, some kind of profit booking is taking place. Investors who made stellar returns in the recent past can take some profit from the table due to the strong rally that we witnessed. But the long-term trend is positive trend. The long-term investors can hold on to their stocks, hold on to their positions. Any dip in defence stocks, definitely it's a buy,' Bathini The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)
