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During the election season, PSU stocks, also known as 'Modi stocks', surged in value by Rs 7 lakh crore as investors showed confidence in PM Narendra Modi's policies and leadership, especially in defence PSUs like Cochin Shipyard and Bharat Dynamics.
Bharat Dynamics Q4 Results Live : Revenue increased by 7% YoY & profit increased by 89.04% YoY
231 smallcaps suffer double-digit losses as investors 'sell in May'. Will they come back in June? The stock market cliche of 'sell in May and go away' proved true this year amid general election uncertainties. Concerns over BJP's election performance and significant volatility affected investor sentiments. Benchmark indices like Sensex and Nifty experienced slight declines.
India Business News: The list of election season winners is dominated by shares of defence PSUs, which are among the primary beneficiaries of PM Modi's 'Aatmanirbhar Bhara
The Mini Ratna Company, a leading manufacturer of defence equipment, Bharat Dynamics, released their Q4 results, showing a remarkable 89.04 per cent increase in net profit increase in net profit over the previous year and a 7 per cent increase in revenue. The company's consolidated revenue decreased by 4.8 per cent YoY to Rs 2,369 crore in FY24 from Rs 2,289 crore in FY23 for the entire year. I