Three Defence Stocks Win Over Both FIIs and DIIs

Some big money managers in India are called FIIs, like investors from other countries, and DIIs, like large Indian investment companies.

Usually these two groups do opposite things, but this time they both bought shares in the same three companies.

These companies make things for defence, like drones, submarine periscopes, and special electronic parts for the military.

One company, Ideaforge, makes drones and even won an order from a police department in the United States.

Another company, Paras Defence, makes periscopes for submarines and is building a big semiconductor factory in Madhya Pradesh.

The third company, Astra Microwave, got a very large order from Hindustan Aeronautics for radar parts.

These companies also grew their sales and built up big order books this year.

But their shares are quite expensive compared to similar companies.

That means people are paying a lot of money for them today.

So, they might be good companies, but buyers need to be careful about the high price.