HAL, BEL, Data Patterns shares surge up to 10% after Jefferies' 'Buy' ratings
Global geo-political tensions and India’s rising focus on self-reliance is boosting order flow and revenue growth for domestic defence cos, says Jefferies.
Global geo-political tensions and India’s rising focus on self-reliance is boosting order flow and revenue growth for domestic defence cos, says Jefferies.
The PSU has signed a deal worth ₹2,890 crore with the defence ministry for mid life upgrade of Indian Navy’s 25 Domier aircraft.
The first trading day of December month started on a strong note, with the Sensex and Nifty rising nearly 0.8% to touch their fresh lifetime highs.
Shares of state-owned Hindustan Aeronautics Ltd hit a record high of ₹2,500 on Friday.
Shares of BEL gained 2.9% to hit a fresh 52-week high of ₹138.20 on the BSE, while Astra Microwave Products rallied 7.7% to touch a 52-week high of ₹398.60.
Ministry of Defence also inked ₹19,600 crore worth contracts with Indian shipyards.
Hindustan Aeronautics and Bharat Electronics hit their record highs on the BSE; Bharat Dynamics surges over 6% in intraday trade