INDIA DEFENCE REVENUE
Explosive growth: How defence sector became a darling of investors
Motilal Oswal Nifty India Defence Index Fund breaks records by collecting Rs 1,676 crores during its NFO period. India's defence sector experiences growth through indigenisation efforts and increased investments. The country aims to enhance its defence production capabilities and boost exports in the coming years.
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.
Indian defence firms need to invest more in innovations and R&D to keep pace with global standards: Report
According to India Infoline Finance Limited (IIFL) report, these firms allocate only 1.2 per cent of their revenue to R&D, markedly lower than the global average of 3.4 per cent. This gap highlights a need for increased investment in innovation to keep pace with global standards.
Nifty India Defence Index: 5 things to know
The Nifty India Defence Index tracks the performance of the Indian defence sector.
Capital goods companies expected to post 9-11% revenue growth rate in FY25
As per the analysis, operating margin could moderate 80-100 basis points to 12-13% in fiscal 2025 as the market scenario continues to be highly competitive and exports remain sluggish.
Aiming to cross milestone of Rs 1000 crore revenue by FY-27: Rohan Verma, MapmyIndia
There is lot of growth opportunities ahead for MapmyIndia if you look at the areas that we play in, which is maps, IoT and drones. And, it is essentially what we are trying to do every year or every few years is unlock more adjustable markets for ourselves.
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Fund Manager Talk | Rally in rail, defence stocks at execution risk: Krishnan VR
The portfolio was up 1.7% in May compared to 0.8% for the benchmark BSE 500 total return index. Because many portfolio companies reported their fourth quarter (and full year) results last month, the performance was partly driven by positive earnings surprises
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.
Mukul Agrawal-owned smallcap defence stock zooms 11% after Antique gives big target price
PTC Industries, a key player in the aerospace and defence sectors, soared 11% after Antique Broking initiated coverage with a 'buy' rating and a target price of Rs 13,010. With robust manufacturing technologies and a strong order book, the company is poised for exponential revenue and profit growth, backed by titanium and super alloy manufacturing.
We are poised to open a minimum of 25 hotels this year: Puneet Chhatwal, IHCL
I think as things are beginning to normalise, this global travel will also start coming back. And as of this October, we should see us getting close to the pre-COVID level. And it is only next year that India will cross the international arrival numbers that it had prior to COVID.
India well poised to benefit from great opportunities coming from hotels and hospitality sector: Puneet Chhatwal, IHCL
And if things keep going this way, and it is anybody's guess, I know that there is a new book coming out in the market which predicts India at 47, with more than 50 trillion economy and there are others that are predicting at 27 or 28.
Are we headed for a sell-on-news market on June 4? Siddhartha Khemka explains
Siddhartha Khemka assesses Paytm's situation, noting the impact of RBI regulations on the banking business. He emphasizes the need for management changes and regulatory approvals for growth in the lending and distribution segments. Khemka also says that they have a buy rating on both Jindal Steel and JSW Steel and also have a positive view on Coal India as well as NMDC which are dependent on the overall metal pack.
Ad lib? Commercial shift in commercials
Television broadcasters anticipate a rebound in advertising revenues following adverse developments last year, including free cricket streaming, sports cannibalizing entertainment ad revenue, and a larger base. Elections and a strong cricketing year are expected to support revenue growth. However, India must adapt to global media consumption habits, with low internet access, online programming, and sports viewership migrating.
Goodluck India Q4 Results: Net profit grows 33% to Rs 37 crore
Goodluck India reported a 33% increase in consolidated net profit to Rs 37.21 crore for the March quarter due to higher revenues.
GIFT Nifty down 60 points; here's the trading setup for today's session
"We expect this Positive momentum to continue on the back of an improving political environment, continued short covering by FIIs, and strong domestic macros. Sectors like Defence, Banking, and Railways are expected to remain in focus," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal.
Is it a good time to bottom fish in IT and banking stocks? Surjitt Singh explains
Surjitt Singh of PGIM India PMS discusses playing BFSI through differentiated themes, underweight banking and IT sectors. Market influenced by earnings season, government stability, and sectoral views. Positive on auto, healthcare, building materials. Concerns about real estate valuations. Metal pack showing signs of recovery. Overweight on hospitals and CDMO manufacturers in healthcare sector.
Should you add or buy defence stocks afresh? What to do with bank stocks? Deven Choksey answers
Deven Choksey discusses the potential tariff hike in the telecom sector and the strategies of Jio and Vodafone Idea. He emphasizes the importance of data consumption and the need for investments in infrastructure for companies to stay competitive in the market. Choksey also says: "The likes of Bajaj Finance, Kotak are looking like some of the smartest of the lot within the investment portfolio."
Identify themes ahead of the curve; current year could belong to telecom: Niket Shah, Motilal Oswal MF
Niket Shah of Motilal Oswal MF discusses investment themes like AI in Indian IT, re-rating opportunities in EV and medical devices, and triggers in the telecom sector such as 5G adoption and pricing strategies.
BEML shares surge 13% after Q4 results impress
BEML shares surged 13% on BSE to Rs 3,636 as it reported a 62% YoY profit increase for Q4FY24, reaching Rs 256.8 crore, alongside a revenue rise and dividend declaration.
India's defence sector has opportunities for USD 138 bn over next 10 years
Nomura's 'India Defence' report projects a substantial USD 138 billion ordering opportunity in India's defence sector over FY24-32, driven by rising demand for equipment and services. Defence capital expenditure is expected to surge to 37% of the total budget by FY30, supported by government policies promoting indigenous manufacturing and technology development.
Nomura initiates coverage on 2 PSU defence stocks with upside potential of up to 30%
Nomura initiates coverage on HAL and BEL with 'buy' ratings, setting target prices at Rs 4,750 and Rs 300 respectively. HAL favored for aircraft expertise, while BEL for order visibility and margin potential.
Titagarh Rail shares jump 9% after Morgan Stanley initiates with overweight rating
Titagarh Rail Share Price: Morgan Stanley sees freight as a significant revenue generator for Titagarh, while also acknowledging the potential of the passenger business for growth. The firm anticipates an impressive 28% earnings compound annual growth rate (CAGR) for Titagarh over the period spanning FY 24-27.
India’s defence production is $13 bn and growing, and MSMEs are providing the tailwind
The government’s push for indigenisation in defence has encouraged smaller players to get into the game and reduce India’s dependence on imports.
Why Kenneth Andrade is going contra, avoiding defence and PSU stocks
Kenneth Andrade, of Old Bridge Capital Management, emphasizes market breadth narrowing to specific stocks and commodity favoritism. He discusses challenges in the IT and defense sectors, PSU companies, and future businesses like Zomato and Paytm. Andrade says: "I am a firm believer that any company out there who gets pricing power will get price earning multiples. "
Defense sector poised to experience CAGR of 13 per cent from FY23 to FY30: Jefferies
India's domestic defence expenditure is expected to double from FY24E-30E, shaping the sector significantly. Jefferies forecasts a 13% industry CAGR from FY23 to FY30, with an estimated domestic defence opportunity of USD 100-120 billion. The focus on indigenization and export defence opportunities suggests robust growth potential. Leading players like Data Patterns and HAL are poised for significant revenue growth, endorsed with Buy ratings.
HAL reports record revenue, pvt cos take lead as def exports cross ₹21k cr
Private companies drive Indian defence exports to record figures, with HAL recording its highest-ever revenue growth. New export partners contribute to the growth, with the government targeting ₹1,75,000 crore in defence manufacturing by 2024-25.
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.
Skydio plans to bring commercial drones to India following defence tie-up
Skydio, an American drone manufacturer, plans to introduce its commercial drones in India following a recent tie-up with an Indian company to produce unmanned aerial vehicles (UAVs) for defence customers in the Indo-Pacific region. While the company initially focuses on defence products in new markets, it aims to expand into non-military and non-government sectors over time. Skydio's collaboration with Aeroarc will develop small uncrewed aircraft systems (SUAS) for the Indian defence ministry and other global defence customers, showcasing its commitment to advancing drone technology in India.
Defence Acquisition Council approves projects worth Rs 84,560 cr
The Defence Acquisition Council, led by Defence Minister Rajnath Singh, approved projects worth approximately Rs 84,560 crore, including air defence radar, torpedoes, maritime reconnaissance aircraft, flight refuelers, and software-defined radios. The council also sanctioned the purchase of anti-tank mines with remote deactivation features. The Defence Ministry's press release highlighted the commitment to Aatmanirbharta
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