Elara Capital sees up to 80% upside potential in stocks from defence and capital goods segment including names likes RITES, Bharat Electronics, HAL, LG Electronics India and more
Defence stocks HAL, Mazagon Dock, Cochin Shipyard, Bharat Dynamics Share Price Targets: The defence stocks are trading near their 52 week lows even as the DAC approved various proposals worth an estimated cost of about Rs 2.38 lakh crore last week.
Defence stocks to buy: B&K Securities suggested 'Buy' on Bharat Electronics Ltd (BEL) and Hindustan Aeronautics Ltd (HAL) and 'Hold' on Bharat Dynamics Ltd (BDL).
MOSL listed BHEL, Hindustan Aeronautics Limited (HAL), Bharat Dynamics Limited (BDL), Astra Microwave and Zen Technologies as its major picks post the DAC's approval.
Stocks including Reliance, Vedanta, LIC, Infosys, IREDA, Aurobindo Pharma, Bharat Dynamics, NHPC, Ola Electric, HFCL and more will be in the spotlight on Friday, March 27.
Choice Institutional Equities has reiterated its positive outlook on India's defence sector, highlighting continued growth opportunities despite ongoing geopolitical tensions in the Middle East.
MOFSL is positive on Bharat Electronics Ltd (BEL), Hindustan Aeronautics Ltd (HAL), Bharat Dynamics Ltd (BDL), Astra Microwave Products Ltd and suggested 'Neutral' rating on Zen Technologies Ltd.
ICICI Securities is structurally positive outlook for the Indian defence sector, underpinned by sustained government policy support, rising capital allocation and multi-year visibility on orders.
Iran war: Ideaforge Technology Ltd led the rally, rising 14.77 per cent to Rs 472.60 apiece. Paras Defence soared 11.18 per cent to Rs 709.70. Data Patterns climbed 4.28 per cent to Rs 3,346.
Shares of Data Patterns ended 5.62% higher at Rs 172.70 today. HAL shares gained 0.86% to Rs 4019 intra day. Later, the stock closed 0.60% higher in the current session.
Choice Broking suggested 'Buy' on Apollo Micro Systems, Azad Engineering, Bharat Dynamics Ltd, Bharat Electronics Ltd, Centum Electronics, Data Patterns, HAL and Zen Technologies Ltd.




