EUROSATORY 2024 DEFENCE SHOW
Der Euro is the currency in fußballing Germany
I've decided to save my football-watching for the knockout stage. But I can't help checking out scorelines on pavement screens. I notice that the Swiss are a goal up on the so-far-undefeated Germany. Ah, a lucky opener. No doubt the well-drilled Germans will mannschaft the Swiss mannschaft, writes Ruchir Joshi
Infra and defence mutual funds dominate returns chart in first half of 2024
The first half of 2024 showcased the dominance of infrastructure and defense-based mutual funds in the market. While some international funds faced challenges, strategic investment decisions were crucial. Diverse performances emphasized the need for a well-rounded portfolio strategy to navigate the market effectively.
Made in India Netra, Pinaka Systems attract European, Southeast Asian interest
The AEWC is a system developed by the Centre for Airborne Systems and two of their aircraft are already flying with the Indian Air Force giving wide coverage of the adversaries' activities along both western and northern front of the country. The Indian forces are going to get 12 more of these airborne systems in different configurations.
Cristiano Ronaldo's Portugal snatch a last-gasp win over Czechs in Euro Cup
Euro Cup: In a thrilling Euro Cup 2024 Group F opener, youngster Francisco Conceicao's last-gasp goal secured Portugal a dramatic 2-1 victory over the Czech Republic. Despite Cristiano Ronaldo's efforts being denied, Conceicao's heroics off the bench sealed the comeback win. Portugal's quest for another title got off to a tense start in Germany.
DRDO, Indian firms showcase Made in India weapons, tech at Paris defence show
Indian defence sector firms are showcasing their products at the EUROSATORY 2024 defence show in France. The exhibition features Indian products such as the Pinaka multi-barrel rocket launcher system and the LCA Tejas fighter aircraft. The India pavilion was inaugurated by Indian Ambassador to France, Jawed Ashraf. The Defence Research and Development Organisation (DRDO) showcases 11 major defence technologies and products.
Defence stocks have done it, will the infrastructure sector follow suit? 6 stocks of the highway makers
There are four sectors, Railways, Defence, Infrastructure and PSU as a set of stocks where election results were important due to the fact that policy continuity was seen as major tailwinds. Because the results were not exactly the way the street had expected, there was a sharp reaction in all these stocks after the election results. But within ten days, the majority of the defence stocks are already higher than what they were quoting on the day of elections. The question is whether other sectors also will see a catch up or not. Now there cannot be any doubt that political noise levels are going to remain high and that might create uncertainty at times. It might take a while for some of the sectors to get the momentum back on the street but probability of getting back on track is high as and when the street gets an indication that it is work as usual in the sector.
Pakistan's budgetary allocation for defence falls to 1.7 per cent of its GDP
Pakistan allocates Rs 2,122 billion for defense in 2024-25, 1.7% of GDP, consistent with previous year. Defence spending as % of GDP has decreased since 2020. Key military acquisitions funded separately, obscuring exact spending.
Thematic MFs offer up to 14% return in May. Have you invested in any?
Sectoral and thematic mutual funds in May showcased diverse performances with funds like HDFC Defence Fund and Mirae Asset Hang Seng TECH ETF FoF offering up to 14.34% and 7.35% returns respectively.
Germany to buy 20 more Eurofighter jets to boost defence
Germany will purchase 20 additional Eurofighter jets from Airbus, Chancellor Olaf Scholz announced at the International Air Show in Berlin. This order, to be placed before the 2025 general elections, supplements the 38 jets ordered in 2020 to replace aging Tornado aircraft. Scholz emphasized Germany's commitment to Eurofighter exports and maintaining production at Airbus's Manching factory. Following Russia's invasion of Ukraine, Germany has significantly increased its defense budget, aiming to meet NATO's two percent GDP target by 2024.
Equity mutual funds offer average return of 1.20% in May, sectoral funds top chart
Equity mutual funds offered an average return of 1.20% in May, with sectoral funds topping the chart in performance.
Smriti Irani, Arjun Munda, Rajeev Chandrashekhar among 13 losing Union ministers
BJP heavyweights Smriti Irani, Arjun Munda, Ajay Mishra Teni, and Kailash Chaudhary faced defeat in the 2024 Lok Sabha elections, relying on allies to form the government after stunning losses in three Hindi heartland states.
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.
Taiwan's military, coast guard activate in response to China's drills
Taiwan's aerial and naval forces responded to China's military drills as President Lai Ching-te swore in. Taipei's coast guard warned off Chinese vessels amid 'Joint Sword-2024A' war games.
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.
We are positive on financial, pharma & auto; cautious on FMCG: Mukul Kochhar
Mukul Kochhar of Investec Capital Services discusses market reactions to potential election outcomes, emphasizing severe possible impacts and strong business momentum. He covers various sectors like financials, pharma, automobiles, FMCG, and non-ferrous metals, offering insights into each. Kochchar says he is optimistic because of the nascent shoots in the private capex cycle.
Why Deven Choksey would prefer Adani stocks to Birla stocks in 2024
Deven Choksey favours the Adani group for 2024, citing their strong EBITDA growth, reduced debt ratio, and cash generation for expansion, especially in infrastructure assets like road, port, power, and commodity segments. The equations are favourable even from the timing point of view. The Adani Group is going to perform better going forward.
India Playbook 2024 – the India defence equity market story
Indian defence sector stocks excel globally, benefiting from geopolitical risk, domestic manufacturers' rise, and strong order books. The sector shows resilience amidst global market fluctuations and government's increased defense expenditure, positioning for sustainable growth. India's aerospace industry has many legs of growth and Hindustan Aeronautics is the key player in the space.
Republic Day 2024: India shows off its top defence tech as Swathi radar, Sarvatra, Prachand, Nag march through Kartavya Path
India's 75th Republic Day Parade celebrated the nation's defense prowess, showcasing indigenous technologies like the "Swathi" radar and "Sarvatra" mobile bridge. The historic cavalry display featured the 61st Cavalry, the world's only horsed cavalry regiment. Cutting-edge systems, including a missile and multi-function radar, demonstrated India's air defense focus. Amidst tightened security nationwide, an all-women tri-services contingent, French participation, and heightened vigilance against aerial threats marked the event. The parade reflected India's commitment to self-reliance, security, and inclusive celebrations, embodying the spirit of Jan Bhagidari.
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