DEFENSE SECTOR
What to expect from defense stocks going ahead? Pratik Oswal answers
A passive fund makes more sense because you have only 15 stocks that sort of qualify for this index and we hope to have a lot more stocks that qualify for this index in the future.
Rafale’s India operations get a strategic push; Dassault establishes maintenance facility near Jewar Airport
Dassault Aviation is advancing plans to establish a Maintenance, Repair, and Overhaul (MRO) facility near Jewar International Airport for India’s Mirage 2000 and Rafale fighters. This move supports India's aspiration to locally manufacture the latest Rafale versions under the "Make in India" initiative. Engine maker Safran SA also intends to set up an MRO facility for Rafale engines in Hyderabad, aiming for operations by 2025 and potential local production of M-88 engines. These developments are crucial as India seeks to bolster its defense capabilities amidst regional security challenges, including from China's expanding military presence.
FMCG is “passe”: Indian economy has a new definition of defensive stocks: 8 stocks from 2 sectors with upside scope of up to 37%
On the day of election results were announced and the whole stock market melted, stocks from one sector were able to gain, that was FMCG. Many theories were floated about why they are doing well. Right from them being defensive stocks to that focus would not shift from investment to consumption. But close to a month down the line, all those stocks are once again in the under performance mode. The fact is before deciding on whether the stocks are defensive or not, some questions need to be asked. A stock which was a defensive stock in 1994 when the Indian economy was just opening is still a defensive stock even in 2024 when we are a whole different economy with different needs and consumption patterns.
3 top stock recommendations from CA Rudramurthy BV
Let us see how even budget comes out and then take aggressive position. So, for sure, this is not the time to take aggressive position, not to be in high beta and one has to have reduced leverage and risk management will hold the key if you are a very short-term trader.
HD Kumaraswamy holds meet to revive ailing Hindustan Machine and Tools
Prime Minister Narendra Modi's Atmanirbhar Bharat (self-reliant India) initiative was highlighted as a framework for HMT's revival, the statement added. Kohli is said to have outlined the various problems HMT is facing, including financial crises, lawsuits, and overall losses.
India boosts defense ties with Bangladesh as it tries to become a counterweight to China
India and Bangladesh strengthened defense ties, signing agreements to enhance cooperation in maritime security, ocean economy, space, and telecommunication sectors. Prime Minister Narendra Modi welcomed Bangladesh's inclusion in the Indo-Pacific Oceans Initiative, underscoring India's commitment to regional collaboration. Amidst close ties with China, Bangladesh seeks to balance relationships with India and the US. Both countries aim to boost river water sharing, energy cooperation, and infrastructure development through Indian investments. Bilateral trade between India and Bangladesh reached $15.9 billion in the financial year 2022-23, with India exporting cotton, vehicles, and electronics, and importing cereals and cement.
FPIs stay bullish on growth stocks, cut defensive bets a bit
Foreign portfolio investors have been selling Indian shares ahead of the elections, focusing on growth stocks over defensive ones. Data from NSDL shows a decline in FMCG and IT sector weightage in FPIs' equity folio.
Third term for Modi likely to see closer defense ties with US as India's rivalry with China grows
Prime Minister Narendra Modi emphasizes on boosting India's military preparedness and clout, focusing on expanding defense production and exports to counter China's influence in the Indo-Pacific region.
Insurance stocks offering good defensive positions with strong value additions: Sanjiv Bhasin
Amid election result uncertainties, staying invested is advised. Anticipated market rebound post-results may drive new highs. Favorable fundamentals support quality stock buying, especially in insurance and banking sectors. Opportunities also seen in mid and small-cap stocks like Rattan Power.
India has potential to capture a large share of global defense market: Mark Matthews
I think there is scope for further expansion if the earnings grow and if the economy grows, then the earnings will grow. If the economy grows by let us say 6-7-8% per year, then I think it is reasonable to assume earnings grow by 12-13-14% per year and if you compound that a couple of years, then actually India is not expensive.
DiFACTO raises Rs 40 crore Series A funding from Stakeboat Capital
DiFACTO Robotics and Automation Private Limited has secured Rs 40 crore from Stakeboat Capital in Series A round to fuel growth and innovation in robotic automation solutions.
In a growing economy, new defensive sectors tend to emerge: 5 tiles and ceramic and home makers stocks with upside potential of up to 41%
Many times the word, defensive stocks is used on the street. Most of the time it is FMCG, pharma and others which are referred to as defensive stocks. The reason being that the demand for these companies is steady and is not impacted much even when there is any slowdown in an economy. The question is in an economy which is growing faster and new areas of consumption are coming up every second day, where the demand from being seasonal and cyclical has reached a stage where in all economic conditions it stays above single digit, shouldn't those also be considered as defensive and valued accordingly. Probably the Indian economy has reached a stage where the demand for tiles, ceramic and home building products, ex-cement has reached a level where in worst cases it will not go below a point.
IAF successfully conducts night vision goggles-aided landing in Eastern sector
The Indian Air Force (IAF) achieved a significant milestone by successfully landing an aircraft using night vision goggles (NVG) for the first time on an advanced landing ground in the Eastern sector. This advancement enhances the IAF's operational capabilities, allowing for safer and more effective operations in low-light conditions.
Stay put? Raise cash? What should be your portfolio strategy in runup to the Budget?
Kunj Bansal, NISM, recommends a divided investment approach, focusing on long-term and trading portfolios. He elaborates on portfolio strategies pre-Budget, the pharma sector's defensive appeal, and recent underperformance driving market interest. The IT sectoe has corrected significantly and depending on how things shape up we might see the buying interest coming back.
Defensive stocks: FMCG is “passe”; 8 stocks from two sectors may be called “new defensives” with upside potential of up to 32%
1994 to 2024 is a difference of 30 years, but there is one thing which has remained constant, advice to move to defensive stocks when markets are volatile or there is an event risk. Four questions need to be asked; first, what is a defensive stock? Second, is a stock which was considered a defensive in 1994 when the Indian economy was just opening, still a defensive stock in 2024 ? Third, should there be a new definition of defensive stock in 2024 ? Last but not the least, what are the new defensive sectors or stocks?
TRADERS’ CORNER: Pharma player gets into a healthy sprint for 6% gain
Nifty opened positive but soon started sliding. It gathered energy to rebound in the last hour of the session to close with a gain.
Mahesh Patil on the biggest sectoral overweights and underweights in current market scenario
Where the results are good, we are seeing those companies getting very well rewarded, especially in the industrial, capital goods sector, the real estate sector. But in sectors where there have been some disappointments like in the consumer space the stocks have also equally reacted on the other side.
Mahesh Nandurkar on 5 best sectors to own from 3-year perspective
Mahesh Nandurkar, MD at Jefferies, discusses investment opportunities in sectors like real estate and the auto sector. He emphasizes the potential for earnings growth and the impact of global economic factors on India's market prospects. Nadurkar says: "I would not necessarily link the FMCG stocks going up to the big improvement in the rural demand recovery as such."
Thinking to bet on FMCG? Look at these sectors instead, says Ajay Bagga
“The resurgence in certain sectors remains uncertain—possibly defensive moves rather than re-rating. Monsoon's impact, expected by October, will clarify. Domestic cyclicals like auto, infra, and financials seem preferable to FMCG, though valuation and monsoon effects will drive investor behavior.”
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