GAGA Share Market News

[hfe_template id='11223'] [ad_1] Indian defense firms have added more than $5 billion in market valuation since tensions escalated between the country and neighboring Pakistan following a brutal attack on tourists in Kashmir two weeks ago. A custom gauge of 10 Indian defense companies has gained about 5% in market value terms since the April 22 militant attack, amid expectations that these firms stand to benefit from the worsening geopolitical situation. The index includes state-run aircraft maker Hindustan Aeronautics Ltd. and missile firm Solar Industries India Ltd. Bloomberg Earlier Wednesday, India conducted targeted military strikes against Pakistan in a move seen as its retaliation of the Kashmir attack that killed 26 people. Pakistan said it shot down five Indian jets.Shares of defense companies were mostly higher in early trading Wednesday, with Mazagon Dock Shipbuilders Ltd. gaining as much as 4.6%, while Hindustan Aeronautics rose nearly 2%. Live Events Two Sh...

[hfe_template id='11223'] [ad_1] PSU stocks will end FY25 on a lackluster note, recording their worst performance of the past three financial years. Nearly 73% or 46 stocks out of 63 analysed by ETMarkets have witnessed a decline of up to 48% so far, and Mazagon Dock Shipbuilders stands tall as the only multibagger in the pack. With just 7 more trading sessions to go, the 63-stock BSE PSU index was down nearly 8% as on Wednesday versus 2.4% gains seen in the BSE Sensex in the same period. The correction over the last six months has taken some sheen out of the PSU counters. However, their rise over two-and-half years prior to October has been so prolific that the 2-year and 3-year returns of the BSE PSU index are still at 82% and 104%, respectively. "Over the past two years, PSU stocks have delivered an impressive rally, driven by the government’s aggressive capex push and structural reforms. The BSE PSU Index surged over 80% from 2022 to early 2024, with sectors lik...

[hfe_template id='11223'] [ad_1] Indian benchmark indices faced resistance around 23,900 after touching those levels in the early trade on Monday and finally ended in the red, dragged by banks and auto stocks. While the broader Nifty closed at 23,644.90, lower by 168.50 points or 0.71%, the 30-stock S&P BSE Sensex settled at 78,248.13, down by 450.94 points or 0.57%. When markets resume trading today, Adani Enterprises, Adani Wilmar, EaseMyTrip, will be in focus due to various related developments. Adani Enterprises, Adani Wilmar, EaseMyTrip, ITC, Mazagon Dock Shipbuilders and Zomato Adani Enterprises and Adani Wilmar Adani Enterprises on Monday announced its decision to fully exit its 44% holding in Adani Wilmar, in a bid to shift focus on its infrastructure platforms. The exit will take place in two phases with the first being a stake sale to Wilmar International’s wholly-owned subsidiary, Lence Pte Ltd, and a partial divestment to meet public shareholding requirem...

[hfe_template id='11223'] [ad_1] The shares of Vedanta and Mazagon Dock Shipbuilders, among others, are expected to gain attention next week as their record dates approach for corporate actions such as dividends, bonus share issuances, and stock splits. The record date is a crucial benchmark set by companies to identify the shareholders entitled to receive benefits such as dividends, stock splits, or bonus shares. Investors must ensure that their shares are reflected in their demat accounts on or before this date to qualify for the respective corporate actions. For this, shareholders are eligible if they purchase the stock at least one day before the ex-date, as the settlement occurs on a T+1 basis. On the other hand, investors who buy shares on the ex-date will not qualify for dividends, bonus shares, or splits. Notably, with the implementation of the T+1 settlement framework, the record date and ex-date often coincide, making it simpler for investors to track their eli...

[hfe_template id='11223'] [ad_1] Shares of Mazagon Dock Shipbuilders and Garden Reach Shipbuilders & Engineers (GRSE) fell by up to 4.3% on Friday after India’s $6 billion plan to build submarines met a setback because of contractor complaints over proper procedures being followed during tests at sea. While Mazagon Dock shares fell 4.4% to hit the day's low of Rs 4,741.30 on the NSE, GRSE shares dropped 4% to touch the day's low of Rs 1,701.85. The development is expected to delay the Indian Navy’s plans to bolster its capabilities even as China continues expanding its presence in the Indian Ocean. India planned to build six conventional diesel-electric submarines, Bloomberg reported citing two senior officials who were directly aware of the situation. The project also represents a test of Prime Minister Narendra Modi’s new defense acquisition policy, the report said, adding that the policy requires foreign manufacturers to partner and provide local firms wit...

[hfe_template id='11223'] [ad_1] With Q2FY25 earnings behind now, a performance analysis of PSU companies reveals 14 stocks which have not just shown a double-digit growth in their July-September quarter revenue and net profit but also posted double-digit returns from their respective 52 week lows. In this, five stocks are multibaggers viz. National Aluminium Company (NALCO), Housing & Urban Development Corporation(HUDCO), Mazagon Dock Shipbuilders, NBCC India and Bharat Electronics (BEL) between 185% and 104%. Others including Bank Of Maharashtra (BOM), Canara Bank, Central Bank Of India, Coal India, Hindustan Copper, Indian Overseas Bank (IOB), NMDC, State Bank of India (SBI) and Cochin Shipyard between 20% and 68%. All the 14 stocks had hit their 52 week lows in November 2023. Q2FY25 Review While NALCO tops the chart with highest July-September net profit growth of 415%, Coal India trumps its peers on topline growth at 730% on an year-on-year basis.The next highes...

[hfe_template id='11223'] [ad_1] Global brokerage firm JPMorgan has expressed a positive outlook on India’s defense sector as it initiated coverage on Bharat Electronics (BEL), Hindustan Aeronautics (HAL), and Mazagon Dock Shipbuilders, signaling a growth potential of up to 17%. JPMorgan highlighted the strong growth prospects in production and exports within the sector. Here is what the foreign brokerage said: BEL: Overweight | Target price: Rs 340 | Upside: 16.25% BEL has been assigned an "Overweight" rating, with a target price set at Rs 340. The company has been identified as the preferred pick for exposure to the sector’s structural growth owing to its strong fundamentals and growth trajectory. HAL: Overweight | Target price: Rs 5,135 | Upside: 17.2% HAL has also received an "Overweight" rating, with a target price of Rs 5,135. The company’s significant role in defense production positions it as a key player poised to benefit from the sector’s ex...

[hfe_template id='11223'] [ad_1] Shares of PSU stocks Mazagon Dock Shipbuilders and Garden Reach ShipBuilders (GRSE) have fallen nearly 12% and 7.4% respectively in the last three days after the domestic brokerage firm ICICI Securities issued a bearish report on Thursday predicting a downside potential of up to 77%. The domestic brokerage firm had retained its sell rating for both the stocks and given a target price of Rs 1,165, which indicated a downside potential of 77% while for GRSE the target price of Rs 515 was given, which signalled a potential downside of 74%. Here is what ICICI Securities had said: Mazagon Dock Shipbuilders ICICI Securities expects high margins to be sustained until FY27E as major deliveries are planned over the next 2-3 years. However, once the company starts executing new orders, its revenue recognition is likely to be milestone-based, and hence, the EBITDA margin could taper off to 12-15%. Despite factoring in the potential orders of P75 (thr...

[hfe_template id='11223'] [ad_1] Indian benchmark indices scaled new heights gains in the last week of the June month despite mixed signals from the global market, particularly regarding inflation concerns. While the largecap stocks saw significant investor attention, the broader market of mid and small-cap segments underperformed. During the June month, as many as 187 BSE500 stocks have delivered double digit weekly returns with four of them offering over 40% returns. The India Cements was the top gainer in this pack with nearly 44% return, followed by Amara Raja Energy (41%), JK Paper (40.5%), and V Mart Retail (40.5%). About 11 stocks including Praj Industries, Bombay Burmah, IFB Industries, Bayer CropScience, Mazagon Dock Shipbuilders, Cholamandalam Financials, Whirlpool India among others have offered returns between 30-40%. In the smallcap segment, about 2 stocks GTL Infrastructure and Moschip Technologies have turned multibaggers. While GTL Infrastructure has gain...