In a recent note, Rohit Sarin, Co-Founder of Client Associates, highlighted the notable momentum gained by India’s defence sector over the past five years. Supported by government initiatives like “Make in India” and a growing emphasis on self-reliance, the sector has experienced a significant rise in stock prices. The critical question arises: Are these defence … Read more
Defence stocks Hindustan Aeronautics (HAL) and Bharat Electronics (BEL) shares gained over 2% in early trade on Thursday after foreign brokerage Nomura initiated coverage on these stocks. HAL share price rose up to 2.45%, while BEL share price gained as much as 2.78%. Nomura believes India’s defence sector is witnessing significant growth driven by increasing … Read more
Hindustan Aeronautics will be supplying 6 sets of LM2500 Gas Turbines(GT) and GT Auxiliaries (GTAE), Spares, Tools for Indian Navy Next Generation Missile Vessel(NGMV) Project to Cochin Shipyard. The order by Cochin Shipyard is to be executed by Hindustan Aeronautics (HAL) between FY26 to FY29. Strong order book bodes well for Hindustan Aeronautics (HAL) in … Read more