Defense PSU Stocks To Buy: Analysts suggest buying these two stocks for positional traders
Defence PSU Stocks to Buy: Recently, the Defence Acquisition Council approved defence purchases worth approximately Rs 22,000 crore, which has sparked renewed interest in defense stocks. After experiencing a downturn over the past few months, selected defense stocks are now showing signs of recovery.
Disclaimer: The views/suggestions/recommendations expressed here in this article are solely by investment experts. Zee Business suggests its readers consult their investment advisers before making any financial decision.
Defense PSU Stocks To Buy: Analysts Picks'
Brokerage firms are recommending positional traders to consider buying shares of Bharat Dynamics and Hindustan Aeronautics, as both stocks are breaking out of consolidation patterns on the technical charts. These stocks can generate huge profits in the next 0-15 days.
Bharat Dynamics Share Price
Axis Direct has recommended buying Bharat Dynamics shares for a period of 15 days. The stock is currently priced around Rs 1227 with a suggested buying range of Rs 1216 to Rs 1228.
Bharat Dynamics Share Price: Target, Stoploss
If the stock experiences an uptrend, traders can target Rs 1,357, with a stop loss at Rs 1,185 in case of a downturn.
Bharat Dynamics: 52-week high
The 52-week high for Bharat Dynamics is Rs 1,794.70, which also represents its all-time high, while its 52-week low is Rs 681.
Bharat Dynamics: Stock History
Historically, the stock has provided positive returns in December in 4 out of the last 7 years, with an average return of 20 per cent.
Hindustan Aeronautics Share Price
Mirae Asset Sharekhan has recommended buying Hindustan Aeronautics for positional traders. The stock is currently priced around Rs 4685, with an ideal buying range of Rs 4635-4665.
Hindustan Aeronautics Share Price: Target, Stoploss
Traders can target Rs 4,850 to Rs 5,000 while maintaining a stop loss at Rs 4,500.
Hindustan Aeronautics: 52-week high
The 52-week high for Hindustan Aeronautics is Rs 5,675, also its all-time high, and the low is Rs 2,584.05.
Hindustan Aeronautics: Stock History
Similar to Bharat Dynamics, Hindustan Aeronautics has posted positive returns in December in 4 out of the last 7 years, with an average return of 7 per cent.
Stock Market Today
In Thursday's session (December 12), the BSE Sensex ended 213 points lower (0.14%) at 81,291.52, while the Nifty50 declined 87 points (0.35%) to close at 24,554.85.