Recent darlings of the investors like RVNL, Indian Railway Finance Corporation (IRFC), BHEL, Mazagon Dock, NBCC were among the biggest losers in the PSU pack.

RVNL, Ircon, BHEL, Mazagon Dock: Multibagger PSU stocks tank up to 8% amid stock market selloff

On Monday, Nifty nearly hit 25k but retraced, while Sensex reached a new peak at 81,908. Both indices closed flat, with minimal changes.

Gainers & Losers: Adani Wilmar, Mazagon Dock among 6 stocks in limelight on Monday

Rites Ltd, Kaynes Technology India Ltd, Kaveri Seed Company Ltd and Mazagon Dock Shipbuilders Ltd are among the other gainers in the BSE’s ‘A’ group today, 29 July 2024.

Bandhan Bank Ltd leads gainers in ‘A’ group

Defense stocks, both public and private, experienced sharp declines following the budget announcement, with PSU heavyweights like Hindustan Aeronautics Limited, Bharat Dynamics, and Mazagon Dock Shipbuilders plunging 10% intraday. Private sector counterparts Paras Defence and Space Technology, and Krishna Defence and Allied Industries also saw 5% drops.

Defence stocks HAL, Bharat Dynamics, others recover from 10% fall post budget jitters

Railway, defence, and PSU stocks on BSE rose ahead of the Union Budget by the Finance Minister. RailTel up 3%, Cochin Shipyard and DCX Systems gained, while Titagarh Rail, Texmaco Rail mixed. PSU stocks: IRCTC, IRFC, OIL, GMDC, Mazagon Dock, Bharat Forge, LIC, BEML, NTPC, Gujarat Gas, RCF, NMDC Steel. Multibagger returns seen; MRPL declined 3.7%.

Rail, defence, PSU stocks in focus ahead of Budget

Discover the top defence stocks to watch ahead of Budget 2024. With the government’s sustained focus on defence, stocks like HAL, BEML, Bharat Electronics, Mazagon Dock Shipbuilders, Bharat Dynamics, GRSE, Data Patterns, and Cochin Shipyard are set to gain momentum.

Defence Stock Picks Ahead of Budget 2024: Analysts’ Pick HAL, BEL, Azad Engineering, Others - News18

Defence stocks: Nirmal Bang cut its target price on Astra Microwave Products to Rs 894 from Rs 968 earlier. It reduced its target for Bharat Dynamics to Rs 1,508 from Rs 1,563. The price target for BEL has been slashed to Rs 256 from Rs 328.

‘Exorbitant multiples’: Mazagon Dock, BEL, HAL, Paras Defence stocks get ‘sell’, price target cuts from Nirmal Bang. Here’s why

Midcap Spotlight | Retail shareholding rises in select PSUs. Stocks such as IREDA, Mazagon Dock & Bharat Electronics see gains. Hormaz Fatakia explains what's driving these stocks higher.

#retailshareholding #ireda #mazagondock #bharatelectronics #cnbctv18 #businessnews #businessnewstoday #businessnewsinenglish #sharemarkettoday 

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Retail Shareholding Rises In Select PSUs: IREDA, Mazagon Dock & Bharat Electronics See Gains

Analysis of Indian defense stocks, comparing with global peers, highlighting potential risks and overvaluation, urging caution for investors.

HAL, BEL, Cochin Shipyard, Mazagon Dock, GRSE, Midhani: Goliath valuations vis-a-vis global peers

Here is the take of G Chokkalingam on defense counters

#defencesector #defence #stockmarket #englishnews #businessnews #trending #budget2024 
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Investors Book Profits in Defense Stocks Now or Hold for Long-Term? | Mazagon Dock | Cochin Shipyard

Shares of Mazagon Dock Shipbuilders are continued at their upward movement, hitting a new high of Rs 4,989, gaining 6.5 per cent on the BSE in Thursday’s intra-day trade on healthy business outlook.

This shipbuilding stock has zoomed 108% from June low; m-cap hits Rs 1 trn

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Financials growth has been moderate for a few years

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

The company is engaged in the business of ship building and ship repairing. It build ships for Indian navy as well as for other commercial operators. 