Latest news with #NiftyIndiaDefence
Mint
13-06-2025
- Business
- Mint
Israel-Iran war buzz: Defence stocks rally despite weak market sentiments; Ideaforge up 8%
Israel-Iran war buzz: The Indian defence companies saw a significant rally in Friday's trading session despite stock market crash, following a wave of military strikes by Israel on Iran, concerns about a wider conflict have resurfaced, prompting increased investor interest in defense-related companies. Shares of Ideaforge Technology surged by up to 8.1 per cent on the BSE, reaching ₹ 599.60, emerging as the top gainer among Indian defence stocks. Meanwhile, Bharat Dynamics share price rallied 4.6 per cent to ₹ 1930.40 on July 13. Shares of Garden Reach Shipbuilders rose by 6%, while Zen Technologies and Cochin Shipyard are up by 4% to 5%. Other defence stocks like Paras Defence, Hindustan Aeronautics (HAL), Bharat Electronics (BEL) shares were also up between 1-3 per cent. As of 09:30 AM, the Nifty India Defence index was the only sectoral index in the green, rising 0.6 per cent, while the Nifty 50 dropped 1.1 per cent. Earlier today, Israel carried out targeted attacks on Iran's nuclear facilities, resulting in several casualties. In response, Iran has pledged to retaliate, with reports suggesting that it has launched as many as 100 drones toward Israel. In the early hours of Friday, Israel carried out a "preemptive strike" on Iran's capital, Tehran, according to Defence Minister Israel Katz. Loud explosions were reported across the city that morning. 'Moments ago, Israel launched Operation Rising Lion, a targeted military operation to roll back the Iranian threat to Israel's very survival. This operation will continue for as many days as it takes to remove this threat," Israel's Prime Minister Benjamin Netanyahu was quoted as saying in a video message. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
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Business Standard
13-06-2025
- Business
- Business Standard
Defence stocks HAL, BDL, BEL gain up to 3% in weak market; here's why
Share price movement of defence companies today Shares of defence companies were trading higher by up to 3 per cent on the National Stock Exchange (NSE) in Friday's intra-day trade in an otherwise weak market amid escalating Israel-Iran tensions. Hindustan Aeronautics (HAL), Bharat Dynamics (BDL), Bharat Electronics (BEL), Astra Microwave Products, Zen Technologies, Paras Defence and Space Technologies, Unimech Aerospace and Manufacturing and DCX Systems from the Nifty India Defence index up gained in the range of 1 per cent to 3 per cent. At 09:30 AM; Nifty India Defence index, the sole gainer among sectoral indices, was up 0.6 per cent, as against a 1.1 per cent decline in the Nifty 50. What's driving defence stocks today? In the early hours of Friday, Israel targeted Iran's capital, Tehran, by launching a 'preemptive strike', Defence Minister Israel Katz announced. Explosions were heard across Tehran on Friday morning. Israel's Prime Minister Benjamin Netanyahu, in a video message, said, 'Moments ago, Israel launched Operation Rising Lion, a targeted military operation to roll back the Iranian threat to Israel's very survival. This operation will continue for as many days as it takes to remove this threat.' Defence sector outlook Defence Secretary Rajesh Kumar Singh on Wednesday has said that contracts worth around ₹2 trillion are expected to be signed in FY26, aiming to match FY25's record contract value of ₹2.09 trillion. Of the 193 contracts signed in FY25, 92 per cent were awarded to Indian firms, reaffirming self-reliance and its preference for domestic manufacturing. Singh emphasized that imports should be rare, with technology transfer and Indian production being the norm - even for foreign OEMs seeking Indian contracts. Meanwhile, according to media reports, the Indian Army is set to receive a significant boost with the Defence Ministry expected to soon clear a ₹30,000 crore proposal for the acquisition of three regiments of the indigenous Quick Reaction Surface-to-Air Missile (QRSAM) system. The Defence Acquisition Council is expected to take up the proposal by late June. Developed by BDL and BEL in accordance with the Defence Research and Development Organisation (DRDO), the Quick Reaction Surface-to-Air Missile (QRSAM) is a highly mobile air defence system capable of tracking and engaging targets while on the move or during short halts. With a range of approximately 30 km, it will complement existing systems like Akash and Medium Range Surface to Air Missile (MRSAM) for short to medium-range threats. Defence companies continued to benefit from the government's push on the indigenization while the geopolitical events during the quarter led to Emergency Procurement from government which will lead to additional orders for the defence companies. In terms of aggregate order backlog of PSUs, ₹3.6 trillion crore worth of contracts are in place (4.5x FY25 revenues), giving healthy growth visibility. The order outlook here onwards remains strong as ICICI Securities believe the sector is expected to thrive in the coming years due to faster acquisition processes, greater indigenization, and advanced indigenous systems. Defense exports hit a record ₹23,600 crore in FY25, with strong traction in Europe amid rising budgets. Indian firms are scaling in next-gen domains like AI, drones, & cyber defense, enhancing long-term growth visibility. Despite near-term execution risks, structural tailwinds-indigenization, policy push, & global demand remain intact.
Mint
10-06-2025
- Business
- Mint
From BEL, HAL to Mishra Dhatu Nigam— defence stocks surge amid reports of Indian Army to get ₹30,000 crore QRSAM boost
Several defence stocks, including BEL, HAL and Mishra Dhatu Nigam, saw healthy gains in intraday trade on Tuesday, June 10, amid reports that the Indian Army is all set to get a ₹ 30,000 crore boost with a new surface-to-air missile system. The Nifty India Defence index rose by over a per cent during the session, with stocks such as Dynamatic Technologies, Data Patterns (India), Astra Microwave Products and DCX Systems, jumping 2-7 per cent. According to an ANI report, the Indian Army is all set to get a ₹ 30,000 crore boost with a new surface-to-air missile system, which the Defence Ministry could soon approve for acquisition. "The Defence Ministry is scheduled to take up the proposal for buying three regiments of the indigenous Quick Reaction Surface to Air Missile system (QRSAM) for the Army Air Defence for deployment along both western and northern borders," ANI reported, quoting defence officials saying so. The ANI report further added that the Army Air Defence is also getting a number of new radars, very short-range air defence systems, along with jammers and laser-based systems to deal with drones of Turkish and Chinese origin. Defence stocks have been on a solid uptrend in the wake of Operation Sindoor in May. Defence stocks such as Garden Reach Shipbuilders, Cochin Shipyard, Zen Technologies, BEML, Mishra Dhatu Nigam, Data Patterns, BDL and BEL have surged 25-80 per cent over the last one month. Stocks such as Solar Industries, MTAR Technologies, Mazagon Dock Shipbuilders, Dynamatic Tech, HAL, Cyient DLM and Paras Defence have jumped 10-25 per cent in the same period. Experts say defence stocks still remain long-term bets due to their solid growth prospects. However, due to the recent rise in stock prices, there could be intermittent profit booking. "Defence stocks have more steam left for the long term. There could be some profit booking now and then. The story is intact for the long term due to expectations of an increase in the defence budget. So, investors should remain invested for at least the next one to two years," said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd. Tapse recommends buying four defence stocks- Data Patterns, HAL, BEL and BEML- for the long term. He pointed out that the Defence Research and Development Organisation (DRDO) has transferred nine advanced defence technologies to ten public and private sector partners, which could benefit stocks like BEL and BEML. Read all market-related news here Read more stories by Nishant Kumar
Mint
09-06-2025
- Business
- Mint
Cochin Shipyard share price snaps 4-day rally, falls 4%. Should you too book profits?
Cochin Shipyard share price: PSU defence stock Cochin Shipyard snapped its four-day winning run on Monday, June 9, as it slid 4% amid profit taking by investors following a 23% rally over four sessions. The multibagger stock has faced significant gains, rising for four months in a row. Between March and June, Cochin Shipyard's share price is up 65%, with the scrip gaining 19% this month alone. The rally in Cochin Shipyard shares can be attributed to overall positive sentiment for the defence stocks following the rise in India-Pakistan tensions in light of Operation Sindoor. The Nifty India Defence index is trading at all-time high levels as defence stocks witness strong buying momentum. Analysts believe that the escalated need for defence equipment and systems has come to the fore, and the focus has now shifted to the execution of the order books to meet this expected demand, which is driving the defence stocks higher. Omniscience Capital expects the Defence budget to be increased to 3% to 4% of the GDP from the current ~2% level. "With a $10 trillion GDP, the defence budget is expected to grow to more than $300 bn USD or around INR 30 lac crores. This implies a 16-17% annualised growth till 2035," it said. However, amid a strong rally in Cochin Shipyard share price, technical analysts see a downside in the stock, advising caution for the time being. Cochin Shipyard rallied over 107% in just 40 days and has now formed a bearish shooting star at the top, followed by a downside move, indicating profit booking, said Anshul Jain, Head of Research at Lakshmishree Investments. "The recent exhaustion suggests that a short-term correction is underway. The stock is likely to test its previous swing high support zone around ₹ 2,150," he added. Traders should exercise caution at current levels, as the extended rally now looks due for a healthy pullback before any fresh upmove, Jain advised. 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.
Mint
30-05-2025
- Business
- Mint
Defence stocks fire up: Apollo Micro, Zen Tech, Garden Reach among 23 stocks that surged up to 61% in May
Defence stocks in focus: Defence stocks such as Garden Reach Shipbuilders, Paras Defence, Apollo Micro Systems, Cochin Shipyard, and Solar Industries ended May with solid gains, driven by strong demand from Dalal Street investors, positioning the defence sector as the month's top performer. The Nifty India Defence index concluded the month with a rally of 22%, recovering 70% from February lows, making the sector the biggest turnaround champion in 2025. After remaining under pressure for five consecutive months due to valuation concerns, the sector began recovering in March and extended its gains into April. However, a fresh wave of optimism was triggered by the launch of 'Operation Sindoor,' during which India showcased the strength of its indigenously developed defence systems and successfully intercepted drones and missiles launched by Pakistan. Sentiment was further bolstered after Prime Minister Narendra Modi reiterated the government's focus on promoting indigenous defence production under the Make in India initiative. Additionally, strong March quarter earnings, rising order inflows, expectations of expectation of rise in defence spending by the Indian government to further strengthen national security, and growing global demand for India's indigenously manufactured defence products all contributed to a strong rally in defence stocks in the previous month. This stellar performance also pushed the combined market capitalisation of the 18 Nifty India Defence constituents past the ₹ 11 lakh crore mark for the first time, reaching ₹ 11.3 lakh crore. In comparison, the market cap stood at ₹ 10 lakh crore during the same period last year, indicating an increase of over ₹ 1 lakh crore, most of which came in May. In terms of individual counters, Apollo Micro Systems emerged as the top performer among defence stocks in the May rally, delivering over 60% return as it surged from ₹ 117 to ₹ 183 apiece. This also marked the stock's biggest monthly gain since October 2023, when it had posted a 62% return. Drone-related stocks, including ideaForge Technology, DroneAcharya Aerial Innovations, Zen Technologies, RattanIndia Enterprises, and Paras Defence and Space Technologies, also surged up to 50%. Meanwhile, shipbuilding stocks delivered stellar performances as well, with Garden Reach Shipbuilders and Cochin Shipyard gaining 57% and 23%, respectively. Stock Name Returns in May Apollo Micro Systems 60.5% Garden Reach Shipbuiders 57% Zen Technologies 51% Droneacharya Aerial 50% ideaForge Technology 41.2% TechEra Engineering 39.2% Mishra Dhatu Nigam 38% Taneja Aerospace & Aviation 34% NIBE 33.3% Astra Microwave Products 32.4% Bharat Dynamics 32% Rossell Techsys 23.2% Bharat Electronics 22.5% Sika Interplant Systems 22% Cochin Shipyard 22.3% Paras Defence 18% MTAR Technologies 15.5% C2C Advanced Systems 14% Data Patterns (India) 14.6% Mazagon Dock Shipbuiders 13.7% HAL 11% DCX Systems 8% CFF Fluid Control 6% Source: Trendlyne Even though Mazagon Dock Shipbuilders tumbled 8% in today's session, it is still up 15% for the month of May. Other defence counters such as MTAR Technologies, Bharat Electronics, Mishra Dhatu Nigam, Bharat Dynamics, BEML, Astra Microwave, Data Patterns, Dynamatic Technologies, Cyient DLM, and DCX Systems have also seen notable investor interest. The outlook for the defence sector appears promising, as it is increasingly seen as a strong long-term opportunity—bolstered by rising defence budgets, growing export potential, and sustained policy support through initiatives like Make in India and Atmanirbhar Bharat. India's domestically manufactured defence products are gaining global traction, with exports reaching a record high of ₹ 23,622 crore in FY 2024–25. The government now aims to achieve annual defence exports worth ₹ 50,000 crore by 2029, further expanding its global footprint. This year, the government allocated ₹ 6.81 lakh crore to the defence budget. Additionally, reports suggest that an extra ₹ 50,000 crore boost is under consideration, reflecting the sector's strong growth momentum. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
