The filing noted that Paras Defence intends to offload its 58.02 per cent equity stake in Ayatti, which comprises 15,20,000 equity shares of face value of Rs 10 each.
An analyst from YES Securities said that Mazagon Dock is showing bearish signals on the weekly timeframe, indicating a downtrend and the stock is currently positioned for a breakdown.
On Monday, shares of BDL closed 1.03 per cent higher at Rs 1529.50 apiece over its previous close of Rs 1513.95 on BSE.
An analyst from Choice Broking said that Mazagon Dock continues to maintain a higher-high and higher-low structure on the long-term trend, confirming its broader bullish outlook.
BP Wealth said that BDL has taken strong support in the Rs 1,500-1,525 range. This is a solid buying zone where the price has bounced from before, so a good base has been formed.
Bullish on India's defence indigenisation theme, Choice has recommended two major aerospace and defence players. Bharat Dynamics Ltd is a 'Buy' with a target price of Rs 1,965.
Choice identified Bharat Electronics (BEL), Bharat Dynamics (BDL), and Data Patterns as its high-conviction picks.
MOFSL expects revenue growth of 15 per cent YoY for BEL, led by the healthy execution of the order book of Rs 74,900 crore. It said revenue for HAL may grow 13 per cent YoY.
The foreign brokerage recommended Buys on Bharat Electronics, Astra Microwave, Data Patterns, Azad Engineering, Solar Industries, and PTC Industries.
HAL being a monopoly play in defence aerospace is seen as beneficiary of the ordering momentum. With warfare systems now witnessing increase in electronic components, BEL is expected to benefit materially.
The Bharat Dynamics board had recommended a final dividend of Rs 0.65 per equity share with a face value of Rs 5, subject to shareholders’ approval at its 55th Annual General Meeting (AGM).





