What are defence stocks?
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Defence stocks belong to companies involved in manufacturing equipment, technology, and services related to the defence sector in India.
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Company Name | LTP | Volume | %Change | 52 Week High | 52 Week Low | Market Cap |
---|---|---|---|---|---|---|
Apollo Micro Systems Ltd | 99.71 | 1784423 | 1.27 | 147.55 | 87.99 | ₹2912.00 Cr. |
Astra Microwave Ltd | 814.1 | 111011 | 1.68 | 1059.00 | 510.10 | ₹7728.50 Cr. |
Avantel Limited | 164.54 | 488017 | 1.42 | 211.40 | 139.59 | ₹4002.75 Cr. |
Bharat Dynamics Limited | 1210.45 | 177441 | 0.26 | 1794.70 | 657.00 | ₹44220.30 Cr. |
Bharat Electronics Ltd | 315.05 | 4190728 | 0.06 | 340.50 | 159.15 | ₹230294.60 Cr. |
Beml Limited | 4470.9 | 827031 | 2.47 | 5488.00 | 2430.00 | ₹18618.84 Cr. |
C2c Advanced Systems Ltd | 604 | 64200 | 4.99 | 473.35 | 429.40 | ₹0.0 Cr. |
Cochin Shipyard Limited | 1643.5 | 101457 | 0.61 | 2979.45 | 600.00 | ₹21618.66 Cr. |
Data Patterns India Ltd | 2656.5 | 150923 | 1.08 | 3655.00 | 1751.00 | ₹451.54 Cr. |
Dcx Systems Limited | 318.5 | 270166 | -1.96 | 451.90 | 235.30 | ₹3547.65 Cr. |
Garden Reach Ship&eng Ltd | 1749.45 | 219662 | -0.10 | 2833.80 | 673.45 | ₹19938.90 Cr. |
Hindustan Aeronautics Ltd | 4642.05 | 371046 | 0.30 | 5674.75 | 2585.00 | ₹310448.70 Cr. |
Ideaforge Techno Ltd | 635.9 | 97538 | 1.41 | 886.00 | 535.00 | ₹2727.07 Cr. |
Iti Ltd | 364 | 12325338 | -6.64 | 384.30 | 210.00 | ₹34564.61 Cr. |
Mazagon Dock Shipbuil Ltd | 4917.8 | 756836 | 0.90 | 5860.00 | 1795.40 | ₹99187.10 Cr. |
Mishra Dhatu Nigam Ltd | 389.9 | 284764 | -0.20 | 547.50 | 304.80 | ₹7304.38 Cr. |
Mtar Technologies Limited | 1742.9 | 29075 | -0.44 | 2351.30 | 1495.40 | ₹5361.08 Cr. |
Paras Def And Spce Tech L | 1118.2 | 96354 | -1.09 | 1592.70 | 610.00 | ₹4360.98 Cr. |
Solar Industries (i) Ltd | 10802.35 | 20912 | 0.08 | 13298.00 | 6150.00 | ₹97750.52 Cr. |
Zen Technologies Limited | 2081.75 | 354846 | 0.85 | 2033.00 | 688.05 | ₹17495.91 Cr. |
Cff Fluid Control Limited | 739.95 | 52000 | 6.62 | 949.00 | 355.00 | ₹1443.00 Cr. |
Nibe Limited | 1932 | 18871 | 2.36 | 2245.40 | 611.00 | ₹2537.13 Cr. |
Rossell India Limited | 85.5 | 96815 | -3.17 | 664.40 | 70.98 | ₹322.30 Cr. |
Sika Interplant Systems Ltd. | 2822 | 2728 | -1.84 | 3548.00 | 1116.90 | ₹1196.57 Cr. |
Taneja Aerospace & Aviation Lt | 480.4 | 5744 | -0.54 | 710.00 | 278.00 | ₹1225.04 Cr. |
Defence stocks belong to companies involved in manufacturing equipment, technology, and services related to the defence sector in India.
In terms of market cap, the top defence stocks list in India includes Hindustan Aeronautics, Bharat Electronics, Solar Industries India, BEML Limited, Bharat Dynamics, and Cochin Shipyard.
To evaluate defence stocks, we need to check where they are getting their revenue from. For this purpose, we can check their order-book. Besides, we should check how profitable they are and how their cash flow position is.
As India’s defence needs are growing, many aerospace and defence players are getting good business. Besides, such players often provide equipment and services to the government. Hence, their business tends to be stable.
Bharat Electronics is one of the best defence stocks. Its revenue and net profit grew at a compounded annual growth rate (CAGR) of 9.9% and 11.8%, respectively, between 2019 and 2023. Between 2020 and 2024, the revenue and net profit of BEML Ltd. grew at a CAGR of 7.6% and 42.6%, respectively.
Investing in defence stocks can help you capitalise on the growing aerospace and defence industry in India. Besides, the Indian government has increased its national security budget in recent years, which means that defence players are likely to post high growth in their revenue in the near term.
Defence stocks depend heavily on government policy, which can change due to geopolitical reasons. Hence, investing in such stocks can be risky. Besides, the manufacturing of defence equipment is a capital-intensive business. Such companies need to generate sufficient cash flows to grow. If they are unable to do so, their business can get impacted.
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