8 months ago
Defence Stocks Show Resilience Amid Market Pressures
Some big companies that make things for the military, like Mazagon Dock, Cochin Shipyard, and Garden Reach Shipbuilders, have seen their stock prices drop a lot from their highest points in the last year.
This happened because people were selling their shares to make a profit and because the market was a bit unstable.
But other companies like Bharat Electronics and Hindustan Aeronautics are doing well and getting good news about their future earnings.
Experts think these defence companies will do better in the future because they have a lot of important work to do.
Even though some stocks have gone down, others are going up, and the defence sector is one of the more stable parts of the market right now.
Defence stocks are showing resilience amid broader market pressures and earnings downgrades in other sectors.
Mazagon Dock, Cochin Shipyard, and Garden Reach Shipbuilders have fallen 31-35% from their 52-week highs.
Bharat Electronics (BEL) and Hindustan Aeronautics (HAL) are among the top large-cap defence picks seeing positive earnings revisions.
Motilal Oswal forecasts FY26-FY27 earnings growth of 12-15% for their coverage universe and 15-16% for the Nifty index.
Defence sector stocks are receiving positive revisions alongside sectors like oil and gas, telecommunications, and public sector banks.
- Who
- Mazagon Dock Shipbuilders, Cochin Shipyard, Garden Reach Shipbuilders, Bharat Electronics, Hindustan Aeronautics
- What
- Defence sector stocks have shown resilience and received positive earnings revisions
- Where
- India
- When
- Since May 29, 2025 (Mazagon Dock), June 6, 2025 (Cochin Shipyard), June 23, 2025 (GRSE)
- Why
- Profit booking, market volatility, and positive earnings revisions for defence sector stocks
Key facts
- Mazagon Dock 52-week high
- Rs 3,778
- Mazagon Dock current price
- Rs 2,540.70
- Mazagon Dock market cap
- Rs 1.02 lakh crore
- Cochin Shipyard 52-week high
- Rs 2,547.25
- Cochin Shipyard current price
- Rs 1,649.30
- Cochin Shipyard market cap
- Rs 43,360 crore
- GRSE 52-week high
- Rs 3,535
- GRSE current price
- Rs 2,453.80
- GRSE market cap
- Rs 28,119 crore
- Phillip Capital Mazagon Dock target
- Rs 3,200
- Phillip Capital Cochin Shipyard target
- Rs 2,175
- Phillip Capital GRSE target
- Rs 2,800
Quotes
Motilal Oswal
A financial services firm that published a report on market trends and earnings revisions.
“Within large-cap stocks, sectors with greater than 1% aggregate earnings raise equaled those with earnings cut of less than minus 1% by a ratio of 7:7, with PSU banks, Insurance, Oil & Gas, Telecom, and Autos posting meaningful upgrades.”
financialexpress.com
“Our analysis of recent earnings revisions for the Motilal Oswal universe reveals that the past trend of easing earnings cuts’ intensity has gradually given way to earnings raises.”
financialexpress.com





