Last updated:
Defense Stocks: Increasing tension between Israel and Iran has flew the defense sector shares like a rocket in the Indian stock market. Shares of Paras Defense, Majhgaon Dock and Bharat Dynamics Ltd.Read more
Investors strong earnings from defense shares
Highlights
- Israel-Iran stress raises defense stocks
- Paras defense gained 66% in 3 months
- Majhgaon Dock gains 23% in 3 months
Defense stocks: The effect of increasing tension between Israel and Iran is being seen not only at the geo-politics level, but also on the stock market. Especially the stocks of the defense sector are showing tremendous boom these days. Israel-Iran is becoming an opportunity for investors of defense stocks from stress. In this episode, investors broke down on Friday (June 20) to buy defense stocks. Shares of Paras Defense, Majhgaon Dock and Bharat Dynamics Limited recorded a huge jump.
The share of the Defense Sector company Paras Defense opened on June 20 at a level of Rs 1635.50. During the business, the price of shares reached the Intrade High of Rs 1666. In 3 months, this defense stock prices have seen a rise of 66 percent.
Majgaon dock shipbuilders limited
The shares of government -owned defense company Majhgaon Dock Shipbuilders Limited opened on June 20 at a level of Rs 3227.50. During the business, the price of shares reached the level of Rs 3262. In the last 3 months, this stock has strengthened 23 percent.
Defense PSU Bharat Dynamics Limited (BDL) shares opened at Rs 1885.05 level. This stock reached Rs 1909 during trading. In the last 3 months, the company’s shares have given 52 percent returns.
Bharat Electronics Limited
Bharat Electronics Limited (BEL) shares saw a boom on 20 June. At the end of trading, the company’s shares on BSE closed 2.38 per cent to close at Rs 408.05.
The defense sector has currently become the shining star of the market. But it is also important to be vigilant before investing in a hurry, because the direction of the market can change anytime. Experts believe that this is a boom based on geo-political events, which can be temporary. Therefore, before investing, companies must understand the strategy of fundamental condition and long -term strategy.
(Disclaimer: Investment in the stock market is under market risk, so before investing, consult a certified investment advisor. News18 Hindi will not be responsible for any harm to you.)
After starting a career with print media, he has been working as Senior Copy Editor in News18Hindi for the last 5 years. Business news team has been part of the team for almost 2 years. He has a decade experience in journalism. ,Read more
After starting a career with print media, he has been working as Senior Copy Editor in News18Hindi for the last 5 years. Business news team has been part of the team for almost 2 years. He has a decade experience in journalism. , Read more
