Defence stocks to buy: ICICI Securities picks Azad Engineering, Zen Technologies and 3 more stocks for up to 50% gains; check out targets
In early trade, the 30-share BSE Sensex rose 388.15 points, or 0.47 per cent, to an all-time intra-day high of 82,129.49.
The benchmark BSE Sensex gained 388 points to break beyond 82,000 for the first time, while the wider Nifty surged 108 points to reach a new high of 25,000 in early trade on Thursday, August 1 as the US Federal Reserve hinted a rate drop by September.
BSE Sensex
In early trade, the 30-share BSE Sensex rose 388.15 points, or 0.47 per cent, to an all-time intra-day high of 82,129.49.
Nifty today
The NSE's wider Nifty reached a new high of 25,078.30, up 127.15 points, or 0.50 per cent, from the previous day.
ICICI Securities picks 5 defence stocks
Meanwhile, brokerage ICICI Securities has suggested buying five defence stocks that have given up to 180 per cent returns in a year.
Solar Industries share price target
ICICI Securities recommends buying Solar Industries stock for a target of Rs 13,250. The stock has an upside of up to 23 per cent from its last closing price of Rs 10,779.9 each on Wednesday, July 31.
Azad Engineering share price target
ICICI Securities has also given a 'buy' rating on Azad Engineering. The target is Rs 2,450. This means the stock can provide returns of over 50 per cent from its last closing price of Rs 1,627.95 on Wednesday, July 31.
Zen Technologies share price target
The third stock chosen by the brokerage is Zen Technologies. The target is Rs 2,000. The stock has an upside of up to 18 per cent from its last closing price of Rs 1706.6 each on Wednesday, July 31.
Dynamatic Technologies share price target
ICICI Securities also suggests buying Dynamatic Technologies. The brokerage has given a target of Rs 10,250. This means the stock can provide returns of around 44 per cent from its last closing price of Rs 7,098.75 on Wednesday, July 31.
Astra Microwave share price target
The last stock on the list is Astra Microwave. The target is Rs 935. The stock has an upside of up to 5 per cent from its last closing price of Rs 895.5 each on Wednesday, July 31.
The views/suggestions/advices expressed here in this article are solely by investment experts. Zee Business suggests its readers consult their investment advisers before making any financial decision.