An analyst from Axis Securities said that Tata Motors has established a near-term bottom, followed by a rally that encountered resistance, a classic example of previous support turning into resistance.
HAL, BDL, BEL, PTC Industries: Antique Stock Broking continue to remain positive on select defence counters after the defence acquisition council approved proposals worth Rs 54,000 crore
Stocks such as Adani Energy, Bharat Dynamics, Mazagon Dock, Vedanta and Bharat Electronics were among the top gainers on Nifty200 this week.
Potential beneficiaries include Bharat Electronics, Hindustan Aeronautics, Bharat Dynamics, Data Patterns, Zen Technologies, Paras Defence, Solar Industries, Azad Engineering and Dynamatic Technologies, Elara said.
Defence stocks to buy: Elara Securities prefers HAL, BEL and BDL among PSU names. It also likes Zen Technologies, Data Patterns, Azad Engineering and Astra Microwave Products.
Defence stocks to buy or sell: Shares like HAL, Bharat Dynamics, Mazagon Dock, BEL and others have hit hard, falling sharply but brokerages continue to remain positive on select names.
Bharat Dynamics Q3 Results: BDL announced an interim dividend of 4 per share for FY25. The defence PSU has fixed February 14, as the record date” for the purpose of payment of interim dividend.
Bharat Dynamics Q3: During the quarter under review, profit came at Rs 147.13 crore as against Rs 135.03 crore in the year-ago period.
While the BSE PSU index was trading flat at 17,993.16, BDL shares were down 0.53 per cent at Rs 1,208.85 on BSE. Cochin Shipyard Ltd declined 0.48 per cent to Rs 1,416.85. REC shares were flat at Rs 440.20.
HAL shares jumped 4.64 per cent to Rs 3,692.75. This stock is down 11 per cent in 2025 so far. BEL shares advanced 3.63 per cent to Rs 284. This stock is down 5 per cent in 2025 so far.
The Union Budget 2025 proved to be a soft ground for the infrastructure stocks from defence, capital goods and railways sectors, which continued to bleed during the trading session Monday.
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