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The stock rallied 5 percent to a record high of Rs 611.75 on the BSE after gaining 18.4 percent in the last four trading sessions. It jumped 15.3 percent so far this year, while in the last one year, it surged 214 percent
Adani Power's subsidiary, Mahan Energen Ltd, recently signed a 20-year power purchase agreement with Reliance Industries for 500 MW.
India's 'Make in India' defence production success story is evident in record-breaking defence exports, reaching Rs 21,083 crore in 2023-24, a growth of 32.5% from the previous fiscal. With a focus on indigenisation, India aims to triple annual defence production by 2028-29 and double defence exports to Rs 50,000 crore.
Aditya Birla Fashion and Retail said that its board has approved evaluation of a vertical demerger of Madura Fashion & Lifestyle business and list it as a separate entity on stock exchanges.
With zero debt and comfortable working capital position, Bharat Electronics is well-placed to benefit from the defence opportunity, Jefferies said. Global OEM tie-ups not giving a material benefit is seen as a key risk for the HAL stock.