Defence stock to buy: Rajnath Singh, the new defense minister and a union minister, said that the main goal of Prime Minister Narendra Modi’s government would be to build a strong “Aatmanirbhar” government with a strong and independent defense manufacturing industry. In the national capital, Singh took over as defense minister at his office in South Block. He said that over the next five years, the government wants to boost defense sector exports to a target of Rs 50,000 crore.
Due to the federal government’s goal of growing exports, investor confidence to raise stock investments in the defense sector has strengthened, improving defence stocks’ performance on the bourses. The following is a list of defense stocks that witnessed a 28% boost last week, per an ET report:
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9 Defence stock to buy
1. Paras Defence and Space Technologies
The price of shares of Paras Defence & Space Technologies rose by 28% during the preceding week: the stock’s 52-week high, Rs 1,157, and its low, Rs 552. The stock’s CMP is 1,157 rupees.
2. Mazagon Dock Shipbuilders
The prior week saw a 23% increase in shares of Mazagon Dock Shipbuilders. The stock’s 52-week high is Rs 3,989, and its 52-week low is Rs 1,027. The stock’s CMP is 3,875.
3. Garden Reach Shipbuilders and Engineers
Last week, Garden Reach Shipbuilders & Engineers’ stock increased by 20%. This stock’s 52-week high is Rs 1,687, and its 52-week low is Rs 543. The stock’s CMP is Rs. 1,628.
4. Astra Microwave Products
The shares of Astra Microwave Products rose 20% during the previous week. The stock has closed at Rs. 342 and Rs. 980 over the last 52 weeks. The stock’s CMP is 965 rupees.
5. BEML
The prior week saw a 19% increase in BEML shares. The 52-week high and low of the stock are 1,500 and 4,779, respectively. The stock’s CMP is 965 rupees.
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6. Data Patterns (India)
The stock of Data Patterns (India) increased by 11% during the previous week. The 52-week high and low of the stock are 1,735 and 3,444, respectively. The stock’s CMP is 2,935.
7. Cochin Shipyard
The shares of Cochin Shipyard increased 11% over the preceding week. The 52-week high and low of the stock are Rs. 2,175 and Rs. 273. The stock has a CMP of Rs 2,122.
8. Bharat Dynamics
The previous week, shares of Bharat Dynamics increased by 11%. The 52-week high and low of the stock are Rs 450 and Rs 1,660. The stock’s CMP is Rs 1,582.
9. Hindustan Aeronautics
The stock of Hindustan Aeronautics increased 10% during the preceding week. The 52-week high and low of the stock are Rs 1,768 and Rs 5,435. The stock’s CMP is Rs 5,200.
