PSU DEFENCE STOCKS
Hindustan Aeronautics Q2 Results: Profit rises 16% YoY to Rs 1,936 crore; revenue grows 15%
HAL Q2 Results: Consolidated revenue from operations rose 14.85% YoY to Rs 7,613.25 crore in Q2 FY27
Samvat 2083 outlook: 8 triggers that could turn Sensex, Nifty correction into a rally by next Diwali
Indian equities enter Samvat 2083 after a correction that has made valuations more attractive, but a sustained rally will depend on several triggers. Falling crude oil prices, easing inflation, an earnings recovery, FII buying, an India-US trade deal and continued domestic liquidity could shape the market's trajectory over the next year.
PSBs, pharma and defence: HDFC Securities CEO names Samvat 2083’s dark horses
HDFC Securities MD and CEO Dhiraj Relli identifies public sector banks, pharmaceuticals and defence as potential outperformers in Samvat 2083. He favours largecaps for valuation comfort, highlights selective stock opportunities and urges investors to prioritise earnings visibility and disciplined asset allocation.
Two Trades for Today: A PSU defence major for a 7.9% upmove, a mid-cap diagnostics stock for a gain of 7%
Our technical analysts identify select stocks every trading day that may gain momentum even in volatile markets. Here are the technical calls for today.
SBI Data Breach: SBI flags dark web exposure of 3,897 customer records; names, mobile numbers, addresses among data leaked
SBI Data Leak: State Bank of India has flagged the suspected exposure of 3,897 customer records containing personally identifiable information on the dark web. The data reportedly includes names, mobile numbers, dates of birth and residential addresses. SBI has initiated incident response measures and engaged an independent cybersecurity agency to investigate the alleged compromise.
Will BDL, HAL & other defence stocks deliver rocketing returns? Here’s why this brokerage remains bullish
India’s defence sector is gaining momentum on the back of rising defence spending, localisation, strong order pipelines and growing exports. Bajaj Broking remains bullish on Bharat Dynamics and Hindustan Aeronautics, citing improving execution, robust order books and long-term military modernisation as key growth drivers.
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What actually makes a stock 'cheap'? With markets under pressure, analysts share how investors can identify real value
The Indian equity markets are currently under strain from a variety of economic challenges that are dampening investor enthusiasm. Experts caution that just because a stock has a low price does not mean it is undervalued. An in-depth assessment of management effectiveness, business core strengths, and future growth prospects is vital. During this market correction, sectors like banks and infrastructure could present potential investment prospects.
Motilal Oswal sees 4 factors boosting risk-reward after market’s sharp fall from 2024 high, lists 27 stock picks
Motilal Oswal Financial Services sees improving risk-reward for Indian equities as valuations cool, earnings recover and domestic liquidity remains strong. The brokerage also highlights sectoral rotation and names 27 stocks across large-, mid- and small-cap segments as top ideas.
BEL shares in focus as PSU receives orders worth Rs 648 crore since late August. What’s ahead after 183% rally in 3 years?
Bharat Electronics (BEL) secured additional orders worth Rs 648 crore since late August, covering defence technologies including laser-based IR jammers, communication equipment, cybersecurity solutions and AI software. The orders follow significant recent wins and come amid large defence procurement approvals. BEL shares have delivered strong long-term returns but remain under pressure in recent months.
Why Systematix is bullish on Apollo Micro Systems after 47% YTD rally; check target price
Systematix initiated coverage of Apollo Micro Systems with a Buy rating and Rs 570 target, citing defence-system integration, a Rs 12,000-crore opportunity, capacity expansion, acquisitions and strong earnings growth, while flagging execution, working-capital and tender-related risks.
Railway stocks: Over 2 years of correction; time to relook without bias? 7 stocks with downside to upside potential of -28% to 32%
A sector-wide correction usually does one job. It takes the froth off and leaves the good businesses standing where they should be. The two-year fall in railway PSU stocks has not done that yet. Stock Reports Plus, powered by Refinitiv, is a comprehensive report that evaluates five key components of 4,000+ listed stocks – earnings, fundamentals, relative valuation, risk, and price momentum – to generate standardised scores. The simple average of the above-mentioned five component ratings is normally distributed to reach an average score.
HAL shares rise nearly 3% as GE Aerospace delivers 3 more F404 engines for Tejas Mk1A
HAL shares rose nearly 3% after GE Aerospace delivered three F404-IN20 engines in August for India’s LCA Tejas Mk1A programme. The deliveries come amid prolonged supply delays, as HAL works to fulfil Indian Air Force orders for 180 Mk1A fighters. HAL currently has an annual production capacity of 24 aircraft, with engine supplies critical to ramping up production.
PSUs throw 24 winners with up to 109% gains, 36 washouts in 2025. Bet on budget buzz or avoid?
PSU stocks saw mixed results in 2025. Metals, PSU banks, and defence sectors performed well. However, power, railway, and NBFC sectors faced declines. Market participants anticipate Budget 2026 to boost state-owned firms with increased government spending and policy continuity. Investors are watching for further action in these stocks.
Defence stocks dip? Buy the correction, stay for 5 years; go for niche tech over big IT: Sudip Bandyopadhyay
Inditrade Capital Chairman Sudip Bandyopadhyay says defence remains a long-term structural story where dips should be bought selectively, with private players like Bharat Forge and L&T offering better value than stretched PSU valuations. He remains cautious on large-cap IT despite cheaper valuations, preferring niche players like RateGain and Coforge amid uncertain US demand and AI-driven margin pressures.
LIC's Rs 15 lakh crore portfolio shakeup: Defence stocks in, retail darlings Suzlon, Vedanta out
LIC has trimmed its holdings in several popular retail stocks, including Suzlon Energy, Reliance Power, and Vedanta — companies that have remained favorites among small investors despite their fluctuating performance. According to data compiled from ACE Equity, the insurance major's current portfolio now includes 277 stocks.
Do PSU, defence stocks look attractive amid correction? Ashish Gupta breaks it down
Ashish Gupta of Axis Mutual Fund sees investment potential in defence and PSU sectors despite market corrections. He finds defence valuations attractive but emphasizes the importance of order book to revenue conversion. Gupta prefers private banks over PSU banks due to stronger market positioning.
PSU stocks crash up to 47% from peak. Is the reign of rail & defence over?
PSU stocks have seen significant declines, with some dropping over 40% from their 52-week highs due to expensive valuations and government share sales. Stocks like Cochin Shipyard, Mangalore Refinery, and HUDCO have been notably affected. Despite short-term turbulence, long-term prospects for rail and defence sectors remain positive.
Rail, defence, PSU stocks in focus ahead of Budget
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%.
Don't write off Modi stocks: More than half are back in full throttle, budget may bring more tailwinds for them
It has been a sort of tradition that the last full budget of any government and also the interim government is focussed on garnering votes and generally fiscal prudence is kept aside. But in the case of the Modi government, both in the last full budget presented in 2023 and interim budget presented in 2024, fiscal prudence was maintained. Given that government revenues are on strong footing, even if the government announces some measure which on face of it might look to be politically correct. There is little chance that fiscal prudence would be kept aside and that is what matters in the end to the street. So, there is a possibility that Modi stocks, which have been the star performers in the first five months of 2024, will be back in the limelight. Don't write them off. More than half of them are already higher than what there was before the election results came in. The policy push may continue for lots of sectors which have been the focus area of this government.
Forgot Modi stocks? Numbers indicate don't write them off. 26 are already back. Budget tailwinds may bring more of them back to limelight again
Just before the election results were announced, some domestic and foreign brokerages came out with a report about a set of stocks which were called Modi stocks. The number varied from 50 to 55 stocks. The reason why they were called modi stocks was the fact that these stocks were from sectors which were expected to get renewed policy push once the third term of the Modi government started. This list had stocks which would power data centers, which is essentially an AI play to green energy stock to PSU stocks from sectors which were getting strong policy push. But then political arithmetic turned different and everybody forgot about them. One month later, if one looks at them, it is clear that while the term “ Modi stocks” might be off the headline, in terms of performance, the picture is very different from what most have been thinking. It is far better and there is a high probability that it might get better.
Defence stocks rally up to 19%, Paras Defence and GRSE among top gainers
Paras Defence shares advanced 19% to hit a fresh 52-week high of Rs 1,373.80 on BSE amid a block deal of 3.29 lakh shares, while PSU defence stock GRSE was also trading around 12% higher. Mazagon Dock, Cochin Shipyard, and Astra Microwave were also trading around 5-8% higher.
Should you stick to PSU stocks or exit after multibagger returns? Kotak Equities recommends this
Kotak Institutional Equities highlights the flawed rally in PSU stocks driven by bullish sentiments and incorrect valuation methodologies. The rally lacks meaningful change in fundamentals or structural reforms. Concerns arise about the long-term viability of PSUs due to reinvestment in sunset industries and government policies.
PSU rail, bank, and defence stocks rally up to 15% after Monday's crash
PSU bank stocks such as Punjab and Sind Bank, Central Bank of India, Bank of Maharashtra, UCO Bank, and Indian Overseas Bank surged by 4-6%. Bank of India and Punjab National Bank (PNB) also rose over 3%.
Where to buy afresh or add positions within the PSU pack? Pawan Parakh answers
“We find real estate to be very attractive. We are playing it through real estate, cement, building material companies’ stocks. We are trying to identify companies which have got the right balance of growth and valuation. Because of the kind of run-up that we have seen over the last four, five months, a lot of the stocks, have become very expensive in terms of valuations. We are trying to strike a balance between growth and valuation.”
Changing Trends: There is a decadal shift in PSU stocks and such moves tend to last long: Atul Suri
“When decadal trends start changing, it does not end in a year. It actually gets elongated. The whole PSU basket is not just banks, it is also defence stocks, infra-type plays. So, going with the trend, being humble, accepting what the market is telling you, is what I have learnt.”
Traders ride bullish wave in PSU stocks
On Thursday, shares of Cochin Shipyard soared 20% to an all-time high of ₹1,146. Mazagaon Dock Shipbuilders shares jumped by 9.51%. Indian Railway Finance Corporation, KIOCL, Power Finance Corp, REC rose by 4-7%. The BSE PSU Index gained 1.5% and the benchmark Sensex advanced 0.6%.
Showstopper stocks! 7 out of top 10 October performers are PSUs. Should you flow with the wind?
The top four best-performing stocks - Mazagon Dock Shipbuilders, Canara Bank, Indian Bank and Cochin Shipyard - are all PSUs with monthly returns going up to about 50%. Barring BHEL, which is up almost 29% in a month, all the other top-performing PSU stocks in the top 10 list are either from the defence sector or banks.
20% CAGR for defence stocks visible to us in terms of order inflows: Harshit Kapadia
"The indigenisation list has come out and the first set of beneficiaries will be the defence PSUs because they are the platform integrators and this will be followed by the component and subsystem makers which are largely small and midcap private defence companies. We like Bharat Dynamics, Hindustan Aeronautics and GRSC followed by Bharat Electronics in the defence PSU space and within the private space we like Data Patterns. ”
PSUs should lead this leg of bull market: Sumeet Rohra
“PSUs in India are just about to break out and once the PSU index crosses about 10,500-11,000, we would have got a 40-50% upside in PSUs. So, broadly the market remains range bound with an upward bias but PSUs should lead. The earnings momentum is going to be very strong but pockets of safety in the public sector are very attractive. While rates are climbing, I would prefer value.”
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