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Source: Live Mint Bharat Dynamics share price increased by 3% on Wednesday following the Miniratna defense PSU securing a contract valued at ₹4,362.23 crore for supplying armaments to the Indian Armed Forces from the Ministry of Defence. The company has not provided any additional information regarding the order due to national security considerations. “We wish…
Source: Live Mint Indian defence stocks rallied sharply on March 19, driven by strong global cues following Germany’s move to boost military spending. ICICI Securities remains bullish on the sector, citing robust fundamentals and recent policy tailwinds. Defence Stocks Rally on Germany’s Spending Boost Shares of Garden Reach Shipbuilders surged 20 percent on Wednesday, March…
Source: Live Mint Brokerage firm Elara Capital is positive on India’s defence industry in the long term due to higher budgetary allocation and focus on self-reliance. The brokerage firm is optimistic about the growth prospects of the sector due to the government’s focus on increasing defence production and the interest of global companies in India…
Source: Live Mint Breakout stocks to buy or sell: The Indian stock market crashed on Thursday on heightened geopolitical uncertainty due to the heightened tension in the Russia-Ukraine war on the monthly F&O expiry day. The Nifty 50 index finished 318 points or 1.31 per cent lower at the 23,956 mark, the BSE Sensex crashed…
Source: Live Mint Bharat Dynamics on Thursday posted a net profit of ₹122.5 crore for the quarter ended September 2024, recording a fall of 16.7% from ₹147 crore in the year-ago period. The state-run defence company’s revenue from operations in Q2FY25 declined 11.5% to ₹544.8 crore from ₹615.8 crore, year-on-year (YoY). Operating performance of Bharat…
