3 defence stock ideas from ICICI Securities after Q2 results
“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.
Radhakishan Damani's company exits this underperforming MNC stock
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.
Not so small! The 16 retail heavy smallcap stocks soared 100-200% in 1 year
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.
Defence stocks fly high on strong order books, export potential
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.
Defence stocks soar up to 110% so far in 2022. Which one should you buy?
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.
Be a little wary of banking stocks for next six months: Deepak Shenoy
“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.”
Corporate Radar: Q1 results, bonus issue, AGMs and more
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.
7 capital goods and defence stocks which can be bought now: Sandip Sabharwal
“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.”
Don't buy IT largecaps now, may fall another 10-15%: Sandip Sabharwal
“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.”
Radhakishan Damani’s wealth falls by a quarter in 2022 as growth stocks take hit
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.
#ASTRAMICRO : Astramicro positional uptrend was suggested on my post dated 3rd Nov 2021, That time it was trading at 244-245. Today it crossed 270-272. Congrats if you followed this call. more uptrend expected. keep trailing stoploss
Breakout in Astra Microwave Products... for NSE:ASTRAMICRO by MandeepSinghKohli
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.