Stay updated with breaking news from Bharat Electronics. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Defence exports grew 33 per cent in the calendar year 2023 (CY23) to around Rs 21,083 crore while domestic defence orders serviced by listed companies were Rs 48,000 crore. The sector is poised for steady growth. Budgeted domestic capex is likely to hit Rs 3 trillion per annum, and exports could reach $6 billion by FY29.
On the stock futures front, FIIs have bought to the tune of 13637 contracts, while on the Options Front, FIIs bought 167901 call contracts and 162395 Put Option contracts.
A total of 1,221,775 shares changed hands on the counter till 10:35AM (IST).
A total of 181,402 shares changed hands on the counter till 12:02PM (IST)
Market expert Hemang Jani advises cautious investment in attractive PSU stocks due to growth drivers and potential re-rating. Recommends focusing on company fundamentals, not just valuations or corrections. Jani says that two names that come to his mind are quite attractive at this point of time, one is Bharat Electronics and the other one is Concor.