DORNIER DO 228
First among equals: 5 PSU stocks which have benefited the most due to government policy push, spending & may continue their journey
Right from perennial under-performers like oil marketing and refining companies to PSU banks. Literally every stock which has the tag of “PSU” stock has seen a re-rating in the last two years. Now that the exit polls are predicting what the street has been looking for, that is continuity in the policy making framework, there is a high probability that there will be another round of re-rating of PSU stocks. So, continued policy and continued re-rating. Like the earlier re-rating, this time also, some sectors and stocks in the PSU space will outperform others. A company which is going to be providing finance for the expansion of the solar energy network which is the next focus area of the government. The overall demand runway for some of the sectors is longer. This essentially means that while every PSU is likely to see a push, there are a select few which are likely to see more tailwinds of business growth and valuation expansion.
Defence stocks: Long runway, hedge a bit to avoid narrative-based decisions; 8 PSU & Pvt sector stocks, 4 with upside potential of upto 44%
In an election season, there are bound to be times when one or the other narrative may make one question about whether one should sell the stocks. The underlying reason would be fear of losing the gains on which one is sitting. Especially when it comes to sectors like defence, railways and others which have seen a strong re-rating and siting with big gains and already there has been skepticism about their stock price moving ahead of time. Now let's look at the issue in two ways, first is whether the fundamentals of the sector are on a strong foot and business is fine or not. Second, how to hedge the exposure so that one is not forced to sell due to narrative, because the fact is that a continuation in policy push means that the companies have just started their journey. While defence PSUs are well known, there are other private sector players, whose lifeline is dependent on defence expenditure and in the last few years they have also done well, both on the street and in terms of real business. So, it is better that one should hedge and stay with them and not get jittery because of one or the other narrative which will keep hitting the street till 4th June.
Candidates of strong directional move on 4th June: 5 PSU stocks which have benefited the most due to government policy push and spending
In the last two years, it is a well known fact that every PSU stock has been re-rated by the street, right from perennial under-performers like oil marketing and refining oil companies to PSU banks. But if one looks a bit deeper there are some which have been re-rated more than others. The reason, these are PSUs which are from the sectors where the government has clearly decided are its priority areas and there has been a policy push for these sectors. A company which is going to be providing finance for the expansion of the solar energy network which is the next focus of the government. The overall demand runway for these sectors is longer which means overall growth will be higher when confirmation of policy continuity comes. Also they are in business where it would be difficult for the private sector to compete. Now because it is the policy push which matters, the continuity of tailwinds of higher government spending, will push them for another round of re-rating on the result day.
Defence stocks: Stay bullish, just hedge a bit to avoid narrative-based decisions; 4 stocks with upside potential of up to 33%
One of the sectors which has seen strongest re-rating in the last four years has been defence. Now in the last few days, the way markets have corrected and a narrative has come on the street that it is poll jitters which is making FPI sell, without realizing the fact that after a strong phase of upward movement, the global money tends to move in one from one country to another, especially in emerging market segment, it might lead to a situation where one might end up selling the long term winner early because of the narrative. Rather than getting jittery, it would be better to create a hedge and stay with the stocks where there has been a big change in the fundamental ways things operate.
Skepticism on stock price vs tailwinds of policy push: 4 defence sector stocks with upside potential of up to 26%
In the last four years of bull run, among the PSU space, defence was the first sector to see a re-rating, infact it was the sector which led back the resurgence of the PSU space which was then followed by railways and then NBFCs which are lending to particular sectors. Now the fact that the defence stocks have run up sharply and sitting with gains, questions are bound to come on whether they have priced all the positives or not. A part of the answers lies in looking at how the stock behaved in recent times and whether the macro operating picture of the sector has changed or not. On the price front, in the corrective move of March, after initial correction due to profit booking, some of the defence stocks have once again moved upward and are quoting close to all time high, indicating demand for the paper from this sector. On the fundamental front, the operating matrix is better and probably it is one of the sectors where the continuation in policy making will have the biggest positive impact.
Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 39%
It is after a long period of time that bears are visible in both segments of market, in the broader market like indices like Nifty and Sensex, but also in the broader market breadth. Because of some changes which might come in how the money is flowing to mid and small cap mutual funds, there is a higher chance that these stocks might stay under pressure for some time. In such times, stocks where there are some improvements in the business operating matrix that tend to weather the storm better. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
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Tailwinds of policy push: 5 largecap PSU stocks from different sectors with an upside potential of up to 32%
While there are clear signs of large cap stocks making a comeback on the street, it is reflected both in movement of Nifty sensex. The problem is that as a word the “large cap” is so open ended and we keep seeing stocks moving in and out of that category which are the ones which one should focus on. If one looks at the last six months of the stock market moves, a new industrial house appears to be born and has caught the fancy of the street. Yes, we are talking about PSU as a set of companies. It is not owned by one individual but by the government of India so there is an element of the largest shareholder being one entity and that is why it may be called a new industrial house. Beside the ownership another common thread running in these companies is the impact of the clean up and restructuring of policy framework which has come in different sectors and in these companies in particular. So there is high probability and yes only high probability of these stocks doing relatively better in stormy conditions on the street.
Getting ready for another round of re-rating ? 6 defence stocks with “buy” recos with upside potential of up to 34%
As other sectors dominated by PSU companies come into limelight, defence stocks which ignited the re-rating of PSU stocks have moved into consolidation mode for some time. The question is whether the business is in consolidation mode or not, the answer is tilting toward no. It appears the underlying developments in the sector continue to be going at the same pace or rather even more. Allowing 100 % FDI in space related industries, is probably an indication that focus on defence and related sectors continues. As things are shaping up, it appears the exports would also become a focus area.
75th Republic-Day parade: Awe-evoking acrobatics-filled Indian Air Force's fly-past dazzles spectators
Spectators were dazzled with the scintillating air show that served as the grand finale of the 'Platinum Republic Day' function. It comprised of 54 aircraft including three from the French Air and Space Force, 46 from the Indian Air Force, one from the Indian Navy and four helicopters from the Indian Army.
Republic Day 2024: Prachand, Pinaka, and Nag, here is what IAF will showcase in this year's parade
Indian Armed Forces will showcase their prowess in the Republic Day parade, featuring the 'Tangail' formation with biofuel-powered aircraft. Indigenous marvels like the LCH Prachand, Nag missile system, and Swathi WLR will be on display, emphasizing India's defense capabilities. Additionally, the event highlights the evolving role of women with a tri-services all-women marching contingent. This grand spectacle pays tribute to historical feats and showcases the nation's advancements in weaponry and inclusivity.
Long-term outlook: 5 largecap stocks from different sectors with up to 24% upside potential
In the last one year, there has been a big addition to largecap stocks. Their market capitalization has moved higher and they can now be largecap. Some of these stocks are from sectors which are getting discovered or getting re-rated as if they are midcap stocks. Having exposure to them might appear to be risky, but the possibility of reward is higher. There are two stocks which are well discovered and have created wealth for investors. But as they go through a phase of valuation adjustment, they provide an opportunity to investors with a long-term perspective.
Desire management, the quantitative way: A set of stocks for those who wish to do trade and invest at the same time
Out of 50 stocks, only 7 have delivered negative returns in the last one year. Out of these 7 stocks, four stocks belong to one industrial house which faced headwinds at the start of 2023. 6 stocks have delivered more than 100 percent return and 26 stocks have gained more than 20 % in the last one year. If you had focussed only on these set stocks and either invested or only traded in them only, the possibility of being able to satisfy your desire to be a trader and investor at same time would have been met.
Envoy takes up minister's derogatory remarks against PM Modi with Maldivian govt
Significantly, in December last year, the Maldives said it would not renew the Hydrographic Survey agreement made with India, a Maldives-based news website, The Press, reported. Maldives has also formally requested India to remove the Indian troops from the island nation.
Ex Maldives President condemns 'derogatory remarks' by Minister Shiuna on Modi's Lakshadweep visit
Former Maldives President Mohamed Nasheed condemned the derogatory remarks made by the Maldives Minister and urged President Mohamed Muizzu to distance the government from the comments.
Year-ender: 2023 witnesses record defence exports, all-time high productions
The year 2023 was a landmark year for the Ministry of Defence as it witnessed defence exports reaching an all-time high--almost Rs 3,000 crore more than the previous financial year--and defence productions crossing the figure of Rs one lakh crore for the first time.
Beneficiary of policy continuity; 5 defence stocks having upside potential of up to 40%
There are many sectors which are dependent on the policy push by the government, but defence as a sector which has come into focus in the last three years is probably more impacted by policy direction as the government is the biggest spender on defence and it this government focus on indigestion that has changed the fortune of the domestic defence manufacturer and contractor. Probably that is the reason why after state elections as the street felt that there is high probability of continuity in policy post May 24, defence stocks are the ones which again inched upward. With the assumption that policy push will continue, will the re-rating continue?
Will the re-rating continue? 4 defence stocks with “buy” recos having upside potential of up to 22%
While the prime minister Modi flying in tejas has brought HAL into headlines. But there is more to it, the defence sector has seen a transformation and the street has been re-rating the stocks from this sector. Policy initiatives by the government led to changes both in the actual working and perception of defence sector companies.Their order books are brimming, stocks have outperformed the broader market indices and institutional interest has been growing in these companies. The question is whether this re-rating will sustain ?
IAF enhances fleet with new Dornier Do-228 aircraft from HAL
The Indian Air Force (IAF) has received the first of six new Dornier Do-228 aircraft from Hindustan Aeronautics Limited (HAL). The upgraded aircraft features new engines, advanced avionics, and a modern glass cockpit. The versatile aircraft is well-suited for short-haul operations and can be used for various purposes, including utility transport and maritime surveillance. This addition will enhance the IAF's operational capability, particularly in remote areas.
AK-203 rifles in manufacturing, testing stage: Govt on Korwa plant
Bhatt said indigenisation of AK-203 rifles will lead to self sufficiency in respect of assault rifles for Indian defence forces. The indigenous defence projects listed by Bhatt included 155mm Artillery Gun system 'Dhanush'', Light Combat Aircraft Tejas, surface-to air missile system 'Akash', main battle tank 'Arjun', T-90 tank, T-72 tank, Cheetah helicopter and Advanced Light Helicopter Dornier Do-228.
India in talks with Embraer, Sukhoi to make small planes locally
The government will keep 51% equity with an Indian company, while asking the foreign partner to do technology transfer, the people said, asking not to be identified as the deliberations are at an early stage. The jets, which typically seat less than 100 people, are likely to be produced in Gujarat, they said.
Nepal has a history of frequent airplane crashes
Yeti Airlines' 9N-ANC ATR-72 aircraft took off from Kathmandu's Tribhuvan International Airport at 10:33 am and crashed on the bank of the Seti River between the old airport and the new airport minutes before landing, according to the Civil Aviation Authority of Nepal (CAAN).
Yeti Airlines started flying more than 2 decades ago; operates only ATR planes
The airline, which connects different destinations in Nepal, operates only ATR 72-500s. Each 70-seater aircraft is a twin-engine turboprop powered by two Pratt & Whitney PW127 engines and are equipped with Hamilton Sundstrand composite blade propellers, according to its website. The carrier, which has cancelled all regular flights for January 16 in the wake of the accident, started its first commercial flight in September 1998 with a single Canadian built DHC6-300 Twin Otter aircraft.
India has authorised export of defence products to 42 countries: Naik
Australia, Finland, Germany, Israel, USA, Spain, Saudi Arabia and Sri Lanka are among the 42 countries for which defence companies in India have received "export authorisation", Naik said. Bulk memory control cards, power supply are among the equipment that are authorised for export to Sri Lanka from India, he stated.
HAL gets modification document from DGCA for upgraded Dornier-228 civil aircraft
HAL on Thursday received the modification document from the Director General of Civil Aviation for its Dornier-228 civil aircraft after reducing its gross weight below 5,700 kg.
IAF to get upgraded Dornier next month
While HAL has been making the aircraft for decades, hiccups occurred for the upgraded version that was to be equipped with a digital cockpit and new avionics.
Cabinet gives its nod to buy Dornier surveillance aircraft
The aircraft will be manufactured by state-run HAL at its Transport Aircraft Division in Kanpur, where over 120 of the type have been produced since 1984.
HAL bags Rs 1,090 crore Air Force contract
Hindustan Aeronautics has bagged a major defence contract, valued at around Rs 1,090 crore, that includes supply of 14 Do-228 aircraft to the IAF.
Indian Air Force to acquire 14 Dornier planes from HAL
Indian Air Force will be acquiring 14 Dornier light utility aircraft for Rs 1,090 crore from the state-run Hindustan Aeronautics Limited (HAL).
India to present Dornier aircraft to Seychelles for surveillance, anti-piracy missions
Defence Minister A K Antony will present Hindustan Aironautics Limited's Dornier DO-228 aircraft to Seychelles President James Michel on January 31.
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