Big boom in small-caps: Four reasons why you simply can't ignore the comeback rally
The Nifty Smallcap index gained 7.10 percent in the past one week, turning out to be one of the top performing indices during the week
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The Nifty Smallcap index gained 7.10 percent in the past one week, turning out to be one of the top performing indices during the week
IREDA shares settled at Rs 158.35 on Thursday, rising 0.75 per cent for the day. The total market captialisation of the company stood more than Rs 42,500 crore for the day.
BEL's stock surged, doubling wealth. Experts advise caution, suggest strategies for traders. Elliott Wave Theory predicts rally continuation. Monitoring RSI and MACD crucial for investment decisions.
Private sector companies in India have played a significant role in the country's defence production, contributing Rs 16,411 crore in fiscal year 2023-24, marking the highest share since 2016-17. Despite a decrease from the previous year, this contribution accounted for 22 per cent of the total defence production of Rs 74,739 crore. The government's push for local defence production, record high defence exports, and investments in defence corridors in Uttar Pradesh and Tamil Nadu aim to boost domestic manufacturing and reduce reliance on imports.
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.