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Defence and shipbuilding stocks have surged up to 5% following a bullish call from JPMorgan, which highlighted attractive buying opportunities in the sector. Bharat Dynamics and BEL saw increases of 5% and over 2%, respectively, while HAL rose nearly 2%. The Nifty India Defence index has gained close to 5% in the past month, with notable double-digit increases for MTAR Tech (+18%), DCX India (+10%), and Paras Defence (+11%).
Prime Minister Narendra Modi and Spanish PM Pedro Sanchez will inaugurate the Tata Aircraft Complex in Vadodara on October 28, dedicated to manufacturing the C-295 aircraft. This initiative includes 56 aircraft, with 16 delivered from Spain and 40 produced in India, marking a significant "Make in India" effort in the aviation sector. The facility will handle the entire lifecycle of the aircraft, supported by various defense public sector units and private enterprises.
Bharat Dynamics Limited
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
defence and shipbuilding stocks rise as investor interest rebounds
Indian Rupee
Cochin Shipyard Limited
DCX India
HAL
BEL
Mazagon Dock Shipbuilders Limited
GRSE
Bharat Dynamics Limited
MTAR Technologies Limited
Paras Defence
IND
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06:18 27.11.2024
Modi and Sanchez to inaugurate Tata Airbus aircraft facility in Gujarat
United States Dollar
Tata Advanced Systems Limited
Airbus Spain
Bharat Electronics Limited
Bharat Dynamics Limited
ESP
IND
Narendra Modi
Pedro Sanchez
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03:49 27.10.2024
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