Bajaj Consumer Cares board will meet for buyback of shares. Also, VIP Clothings board meeting is lined up to consider the issue of warrants.

“Current orderbook stands at Rs 840bn. There has been an inflow of Rs 8.6bn from the contract for the end-to-end realisation of 5nos. PSLVs (in consortium with L&T) over a period of four years. Also, the recently executed contract for 70nos. HTT40 has added Rs 68bn to the orderbook,” it added.

"All the items included in the lists will be procured from indigenous sources as per provisions given in Defence Acquisition Procedure (DAP) 2020. This list provides continuous impetus towards self-reliance in defence," MoD said in a release on Wednesday.

As per the shareholding pattern of the company for the September quarter, Brightstar Investor does not find a mention in the list of public shareholders for 3M India. However, in the June quarter, the firm held 1,66,700 shares, equivalent to a 1.48% stake in the company.

Analysts attribute ‘growth as one common theme or factor for the stocks which are on retail investors buying list. A steep correction in the past few months and economic recovery are some of the other factors supporting the sentiment.

Swelling order books from the ministry of defence have caused defence stocks to surge. With comfortable valuations, better outlook on profitability led by a higher indigenization theme, and better operating leverage, analysts are bullish on stocks such as HAL, BEL, Bharat Dynamics, and Garden Reach, among others.

About a week ago, the defence ministry approved the sixth Positive Indigenization List (PIL) of 780 items, which will further curtail defence imports. The share of imports, which is about 35 per cent of the total defence procurement budget, has come down in the last two to three years.

“It is more likely that manufacturing, defence and elements like that will do better in the coming weeks and months rather than the financials where there is a larger impact both of local interest rates going up, currency changes and also international interest rates being spiked because of inflation or whatever else that causes foreign central banks to increase rates. We should be a little wary of the banking system for the next six months.”

Astra Microwave Products Ltd., incorporated in the year 1991, is a Small Cap company (having a market cap of Rs 2726.10 Crore) operating in Defence sector.

The board of Samvardhana Motherson International and Yug Decor will meet today to consider the bonus issue. Tuesday is the record date for dividends by Hindalco Industries, India Pesticides, Astra Microwave Products and Repco Home Finance. The stocks went ex-dividend on Thursday.

“Stocks like Bharat Electronics, HAL, etc, continue to remain buys on any dips and there are some private sector companies which benefit due to defence capex like Bharat Forge which has made forays and which could do well. Ashok Leyland, Tata Motors are also trying for some business and they are smaller companies in this segment like Astra Microwave.”

Apollo Hospitals Enterprise, Page Industries, Trent, Aurobindo Pharma, Bharat Forge, The Phoenix Mills and Sunteck Realty are among companies that will announce their quarterly earnings today.

The Nifty Pharma index closed 0.25 per cent up at 12660.65.

The Nifty Auto index closed 0.47 per cent up at 12383.7.

The Nifty Realty index closed 2.07 per cent up at 446.8.

Dangee Dums, Campus Activewear Ltd., Fidel Softech Ltd., Astra Microwave and International Constructions Ltd., hit their fresh 52-week highs during the day.

Shree Cements, Bharti Airtel, UltraTech Cem., Cipla and Bajaj Auto were among the top losers on NSE in today's trade.

Dangee Dums, Fidel Softech Ltd., Campus Activewear Ltd., Astra Microwave and International Constructions Ltd., hit their fresh 52-week highs at 11:10AM.

In the Nifty 50 index, 40 stocks were trading in the green, while 10 stocks were trading in the red.

“Ultimately markets are a slave of earnings. So despite all the flows which are happening in largecap funds or the ETF money going into the largecap companies, TCS is at a 52-week low, more than 20% off from the top. Ultimately it is all about how companies do or the economy does and how the overall earnings picture is.”

Avenue Supermarts, his flagship company and operator of D-Mart, has put the biggest dent in his fortunes during the last quarter as he held 65.2 per cent stake in the company as a promoter.

Damani owned over 1 per cent stake in at least 14 listed companies as of March 31, which are valued at Rs 1.55 lakh crore today, down 23 per cent year-to-date, as per Trendlyne. This included the value of his ownership in DMart.

Defence Minister Rajnath Singh on Thursday released the third positive indigenisation list of 101 equipment and platforms, which the services can procure only from the domestic industry

Defence Minister Rajnath Singh on Thursday released the third positive indigenisation list of 101 equipment and platforms, which the services can procure only from the domestic industry

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India Cements is another notable company in his portfolio as Radhakishan Damani and his brother held 20.4 percent equity stake in the cement firm. In fact they are biggest shareholders in the company.