Defence Stocks: Looking for investment ideas? Here's how ICICI Direct views Bharat Dynamics, HAL, other scrips
Brokerage Prabhudas Liladhar has chosen three tyre stocks for investors. The brokerage has placed its bet on JK Tyre, CEAT, and Apollo Tyres stocks and said from the technical chart point of view, these stocks are good earners.
Budget 2024 is set to be unveiled on July 23, and it remains to be seen what Finance Minister Nirmala Sitharaman has to give the defence sector.
India's defence budget for 2020-2024 incorporates strategic realignments, geopolitical upheavals, and economic problems. This period has seen substantial changes in expenditure patterns.
Are you looking for investment ideas in defence sector?
Meanwhile, are you looking for investment ideas in defence sector? Here is what brokerage ICICI Direct suggest on stocks like Hindustan Aeronautics Limited (HAL), Bharat Dynamics, Bharat Electronics Ltd (BEL) among others.
Defence stocks to sell
The analysts has suggested to sell Garden Reach Shipbuilders & Engineers and Mazagon Dock Shipbuilders Ltd (MDSL) shares.
Defence stocks to add in portfolio
Bharat Dynamics (CMP- 1601.9)- Target price- 1,745
Bharat Electronics (CMP- 326.4)- Target price- 300
Hindustan Aeronautics (CMP- 5,322)- Target price- 5,170
Defence stocks to buy
ICICI Direct has advised to buy these four shares, the current share price and target price are mentioned below.
Astra Microwave Products (CMP: 921.4) - Target price - Rs 935
Azad Engineering (CMP: 1,683.1) - Target price - 1,750
Dynamatic Technologies (CMP: 6,832) - Target Price - 10,250
Solar Industries India (CMP: 11,776.5) - Target Price - 13,250
Defence stocks to sell
Garden Reach (CMP: 2,560.3)
Mazagon Dock Shipbuilders (CMP: 5,405.5)
The views/suggestions/advice expressed here in this article are solely by the brokerage firm. Zee Business suggests its readers consult their investment advisers before making any financial decision.