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Should you still buy Mazagon Dock, HAL, GRSE after multibagger rally? Tips from ICICI Securities
Mazagon Dock Shipbuilders has reported a 121% YoY jump in its profit after tax (PAT) to Rs 696 crore while HAL reported a 77% increase in its net profit on a YoY basis. GRSE’s net profit jumped 14% YoY to Rs 87.2 crore for the June quarter.
HAL shares jump 3% on reporting 77% YoY rise in Q1 PAT. Should you invest?
Shares of Hindustan Aeronautics (HAL) rose 3% to Rs 4,787.70 on the BSE after reporting a consolidated net profit of Rs 1,437 crore for Q1 FY24, a 77% increase from Rs 814 crore a year ago. Revenue from operations also grew 11% YoY to Rs 4,347 crore, up from Rs 3,915 crore.
Morgan Stanley has maintained an overweight rating on Zomato with a target price of Rs 278. Recent news indicates growing competitive intensity in the quick commerce sector, which underscores the increasing significance of the QC channel. While Morgan Stanley acknowledges that this heightened competition could impact profitability, they view maintaining market leadership as crucial, even if it requires delaying profitability.
HAL, SBI among 10 picks recommended by experts as Independence Day theme
On the occasion of India's 78th Independence Day, financial experts recommended stocks poised for strong returns within a year. Included among these are Aarti Drugs, NOCIL, Federal Bank, Voltas, HAL, L&T, SBI, and Bharat Dynamics. They advised investors to focus on strong fundamentals and reduce exposure to highly leveraged stocks.
Defence stocks HAL, Bharat Dynamics, others recover from 10% fall post budget jitters
Defense stocks, both public and private, experienced sharp declines following the budget announcement, with PSU heavyweights like Hindustan Aeronautics Limited, Bharat Dynamics, and Mazagon Dock Shipbuilders plunging 10% intraday. Private sector counterparts Paras Defence and Space Technology, and Krishna Defence and Allied Industries also saw 5% drops.
Dy Air Chief visits DRDO, HAL, TASL in Hyderabad, lauds indigenisation efforts towards self reliance
Deputy Chief of Air Staff Air Marshal Ashutosh Dixit visited DRDO, HAL, and TASL in Hyderabad from July 23-24. He interacted with key officials, praised indigenization efforts, and granted production clearance for ASTRA missiles at DRDL. He also reviewed avionics indigenization at HAL and inspected the C-295 aircraft production line at TASL. ASTRA, a Beyond Visual Range Air-to-Air Missile, enhances fighter aircraft capabilities. On July 24, DRDO successfully tested Phase II of the Ballistic Missile Defence System, demonstrating advanced interception capabilities.
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Budget stocks to buy: Keep these 30 PSU and other Modi stocks on your watchlist
Sitharaman’s Budget focuses on capex sectors, defense indigenisation, renewable energy, and rail modernization. Sensex saw 5.7% average post-Budget returns. Best and worst Budget performances in 2021 and 2020. Strategic debt, private sector gains, and picks like UltraTech and NTPC are expected. Samir Arora sees continuity; Viability Gap Funding, and Infrastructure loan push capex.
See AlsoSC-SA: Byte-Oriented Lightweight Stream Ciphers Based on S-Box Substitutionai defence companies: Latest News & Videos, Photos about ai defence companies | The Economic Times - Page 1growth plays: Latest News & Videos, Photos about growth plays | The Economic Times - Page 1diversified psu balmer lawrie: Latest News & Videos, Photos about diversified psu balmer lawrie | The Economic Times - Page 1Rs 1.8 lakh crore boom! Will defence stocks live up to Budget hype?
Defence stocks are on fire with a Rs 1.8 lakh crore boom! Investors are eagerly awaiting the Budget for more incentives. Expectations are high for increased allocations and exciting growth prospects. Find out which stocks are the top picks for the big gains.
Stock Radar: This high-flying aerospace stock witnesses range breakout; time to buy or book profits?
Over the past year, HAL shares have surged 197%, rising from Rs 1,867 on July 5, 2023, to Rs 5,552 on July 5, 2024. Post reaching a high of Rs 5,585 on June 19, 2024, the stock experienced a slight pullback but continued its upward trajectory. It found support above the 5-day moving average, and a buy signal was triggered by the Supertrend indicator on June 18, 2024, suggesting sustained momentum.
Gold’s 13% uptick beats Nifty's H1CY24 gains. Who could hold the edge in second half?
HDFC Bank's shares surged approximately 3% to reach a new 52-week high on Wednesday. Investors reacted positively to news suggesting a potential increase in the bank's weightage in the MSCI Emerging Markets index. Doubling lenders' weightage in the global index can attract FII flows, ranging from $3.2 bn to $4 bn.
Nifty charts projecting 25,200 by December, says ICICI Securities. Top 94 stock picks
ICICI Securities' technical analysis forecasts Nifty reaching 25,200 by December 2024, supported strongly at 22,200. Midcaps and smallcaps indices are in a structural uptrend, expected to gain over 16% by year-end.
Defence and fertilizer stocks decline up to 8% amid profit booking
In the recent few trading sessions, both sectors witnessed a rally as the defence sector was backed by factors like new order wins, positive growth outlook and stability of the PM Narendra Modi-led NDA government.
2 top stock recommendations from CA Rudramurthy BV
So, you have to be in the right sector and yes, there are lot of good stocks in these sectors which I can give as input and I am very clear this market is a buy on every dip, no shorting whatsoever but however I will also tell you managing leverage, managing your quantity and being in the right stock and sectors is very-very important because the trigger should not wash you out of the market. Being in the game is very important to win the game.
Rs 7 lakh crore profit in 10 days! Why PSU stocks are rallying like Modi managed '400 paar'
Investors initially skeptical of PSU stocks after BJP's election setback on June 4 have seen a reversal. PSU stocks, down 16% post-election, now lead a bull run akin to Modi's '400 paar' ambition. Mazagon Dock's 48% rise drove the BSE PSU index cap up by Rs 7.24 lakh crore in 10 sessions. RCF surged 33%, Cochin Shipyard 24.5%, HUDCO and MMTC 23%, with HAL, BEL, and BHEL also gaining.
HAL to consider final dividend payout for FY23-24 on June 26
On Wednesday, Hindustan Aeronautics (HAL), a defense PSU, disclosed its plan to discuss the payment of the final dividend for the fiscal year 2023-24 during its board meeting scheduled for June 26th.
Defence stocks rally up to 19%, Paras Defence and GRSE among top gainers
Paras Defence shares advanced 19% to hit a fresh 52-week high of Rs 1,373.80 on BSE amid a block deal of 3.29 lakh shares, while PSU defence stock GRSE was also trading around 12% higher. Mazagon Dock, Cochin Shipyard, and Astra Microwave were also trading around 5-8% higher.
Stocks in news: Zomato, Paytm, HAL, Som Distilleries, Adani Enterprises, TCS
Sensex and Nifty hit new highs. NCLAT directs NCLT to re-hear APL Apollo Tubes insolvency plea. Reliance Jio's tech collaboration with TM Forum sees 80% resource increase. Police investigate child labor at Som Distilleries. Mahindra Lifespace targets sharp increase in sales. Lupin enters CDMO business. Alembic Pharma receives FDA approval.
Jefferies recommends Buy on Hindustan Aeronautics amid defence indigenisation and export focus, sees 12% upside
Jefferies, citing upbeat sentiment towards defense indigenization and export focus, recommends buying HAL with a target price of Rs 5,725, indicating a 12% upside potential from the previous day's closing price of Rs 5,103 per share. The firm anticipates HAL to maintain double-digit growth over the next 3-5 years, supported by positive sentiments around defense indigenization and exports.
8 PSU stock ideas from Anand James to play the next round of upside
VIX has almost halved, from the peaks seen on the election results day, suggesting that volatility expectations have significantly eased. However, VIX is still above the levels seen a month before the results, indicating that caution has not been entirely abandoned. Nifty is now at record peak, post a three consecutive day rise that erased a single day drop of over 8% during last week.
Brokerage firms like Jefferies, ICICI Securities, and Citigroup are positive on industrial space with L&T, HAL, Balkrishna Industries, and M&M as top picks.
If PM Narendra Modi wins election, buy these 7 industrial stocks: Jefferies
Jefferies has listed HAL, L&T and ABB India among top 7 stocks that can rally up to 33% if Narendra Modi-led NDA retains power in the general elections.
May has seen fear index India VIX hitting 26.20 levels. Nifty in May series declined 82 points or 0.36%. The headline index started the series at 22,570.35 and ended it at 22,488.65.
Candidates of strong directional move on 4th June: 5 PSU stocks which have benefited the most due to government policy push and spending
In the last two years, it is a well known fact that every PSU stock has been re-rated by the street, right from perennial under-performers like oil marketing and refining oil companies to PSU banks. But if one looks a bit deeper there are some which have been re-rated more than others. The reason, these are PSUs which are from the sectors where the government has clearly decided are its priority areas and there has been a policy push for these sectors. A company which is going to be providing finance for the expansion of the solar energy network which is the next focus of the government. The overall demand runway for these sectors is longer which means overall growth will be higher when confirmation of policy continuity comes. Also they are in business where it would be difficult for the private sector to compete. Now because it is the policy push which matters, the continuity of tailwinds of higher government spending, will push them for another round of re-rating on the result day.
Stock Radar: Multibagger in a year! Should you buy or book profits in this defence counter?
HAL may have given multibagger returns in the last one year, but there’s more steam left to it. The stock rose from Rs 1,512 on May 15, 2023, to Rs 4,185 on May 15, 2024 — an upside of over 178%. Holding to the momentum, it hit a fresh record high of Rs 4,265 on May 16.
HAL Q4 Results: Cons PAT leaps 52% YoY to Rs 4,309 crore, revenue up 18%
HAL Q4 Results: The defence PSU had reported a profit of Rs 2,831 crore in the corresponding quarter of the last financial year. The net profit was up by a whooping 241% on a QoQ basis, Rs 1,262 crore being the PAT figure in Q3FY24. Moreover, the company has succeeded in clipping its expenses on a YoY basis.
Telecom, power, utilities and infra indices saw considerable buying on Tuesday, while healthcare and FMCG stocks saw selling pressure. Finolex Industries and Hindustan Aeronautics hit fresh record highs
HAL shares jump over 3% after UBS raises target price to Rs 5,200
Hindustan Aeronautics (HAL) saw a significant increase of 3.6% in its shares on Tuesday, reaching an all-time high of Rs 4,064 on the Bombay Stock Exchange (BSE). This surge followed UBS, a global brokerage firm, raising its 12-month target price for HAL to Rs 5,200.
Nomura initiates coverage on 2 PSU defence stocks with upside potential of up to 30%
Nomura initiates coverage on HAL and BEL with 'buy' ratings, setting target prices at Rs 4,750 and Rs 300 respectively. HAL favored for aircraft expertise, while BEL for order visibility and margin potential.
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