8 months ago

Defence Stocks Show Resilience Amid Market Pressures

Defence Stocks Show Resilience Amid Market Pressures
Mazagon Dock, Cochin Shipyard, GRSE shares slip up to 35% from 52 week highs; more pain ahead? · businesstoday.in

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.

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

Sources

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