Bharat Forge, BEML to BEL: Defense stocks rally amid PM Narendra Modi’s Israel visit. Time to buy?

Buzz line1 month ago07 mins

Defense stocks in India rallied by up to 5% on Wednesday, tracking gains in the broader Indian stock market today. The Nifty India Defense index rose as much as 1.2%, supported by strong buying interest across key constituents. Astra Microwave Products share price emerged as the top gainer, surging 5.7%, followed by Mishra Dhatu Nigam,…

Defense stocks lose momentum. Does it signal the end of easy gains?

Buzz line3 months ago01 mins

In his view, much of the expected growth is already priced in, and only sustained double-digit growth in sales and Ebitda over multiple quarters could drive meaningful outperformance. At current levels, he does not see a strong case for the sector beating the broader market. EBITDA is earnings before interest, taxes, depreciation, and amortization. Source

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Tag: Nifty India Defense