As the world welcomes 2025 amid geopolitical concerns, brokerages and market participants continue to remain positive on defence sector stocks as they see more legs in the rally.
Unimech Aerospace is offering shares in the price band of Rs 745-785 apiece which can be applied for a minimum of 19 shares and its multiples to raise Rs 500 crore.
The IPO of Unimech Aerospace and Manufacturing is a combination a fresh equity issue of up to ₹250 crore and an offer of sale of ₹250 crore by promoters.
MTAR Technologies Limited has secured a significant ₹15.4 crore order from the Defence Research & Development Laboratory to produce full-scale and sub-scale combustors for cutting-edge air-breathing engine technology.
Retail investors hold up to 45.5% stake in these 3 stocks which have under-performed thus far in 2024. What should be your trading strategy here? Find out
Vodafone and 26 other stocks are exiting the Nifty 500 index while Trent and Bharat Electronics joined the Nifty 50, from which LTI Mindtree and Divi's Laboratories exited. Effective from September 30, 2024, these changes will come into effected.
Several major companies, such as Vodafone Idea, Hindustan Aeronautics (HAL), Mazagon Dock, Hero MotoCorp, IRFC, IRCTC, HUDCO, Apollo Hospitals, Samvardhana Motherson, GMR Airports Infrastructure, Nykaa, and Ola Electric, are set to release their June quarter earnings reports this week.
The NSE Nifty 50 settled 0.14% higher at 22,368, while the S&P BSE Sensex rose 0.12% to 73,738. They have gained about 1.7% each over the past three sessions.
Sensex dropped 0.15% to settle at 73,904. Nifty dipped 9 points to 22,453.30. Nifty formed back-to-back Doji patterns on the daily chart, typically indicating a pause before the next move.
Nifty on Thursday ended 162 points higher to form a long bull candle with a long lower shadow on the daily charts as the short-term trend of Nifty turned up sharply after a small decline.
Indian shares fell on
Wednesday, led by information technology and financials,
after hotter-than-expected U.S. inflation fuelled concerns of
further delay in interest rate cuts, weighing on...
A short build-up was seen in 61 stocks, including HDFC Bank, Reliance Industries, Hero MotoCorp, Berger Paints, and Vedanta. An increase in OI along with a fall in price points to a build-up of short positions
Companies such as Hindustan Aeronautics (up 3.5 per cent), Centum Electronics and Bharat Forge (up 2.8 per cent) had touched 52-week highs on Wednesday
Space stocks rallied on Thursday after Chandrayaan-3 successfully landed near the south pole of the moon.
The NSE Nifty surged 0.60% as of 9.45 a.m. on Thursday. Paras Defence And Space Technologies Ltd. led with the gains of more than 12%, while Centum Electronics Ltd. surged more than 10.30%, Avantel Ltd. jumped 8.20% and MTAR Technologies Ltd. advanced over 1.50%.
Out of 51 stocks on the Nifty, 49 advanced and two declined, with Jio Financial Services Ltd. declining the most and hitting a 5% lower circuit.
The 30-share BSE Sensex pack surged 463 points or 0.71 per cent to trade at 65,897, while the broader NSE Nifty moved 137 points or 0.70 per cent up to trade at 19,581. Mid- and small-cap shares were positive as Nifty Midcap 100 climbed 0.80 per cent and small-cap gained 0.56 per cent.