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News Topical, Digital Desk : On September 8, Indian defense sector stocks saw a rise. In fact, the Defense Ministry presented the Defense Modernization Plan for the next 15 years, which outlines major needs such as nuclear propulsion systems for warships, 62 Rafale jets, new tanks and advanced missile systems. The government has clearly stated that public-private partnership is the way of the future, which has increased the hope of big orders and investments in the industry.
Which stocks gained
Cyient DLM: +7%
Data Patterns: +2.5%
Cochin Shipyard: +1%
HAL (Hindustan Aeronautics): +1%
Solar Industries, BEL: +0.6%+
Mazagon Dock, BEML, BDL: Slight rise Paras Defence, GRSE: Know about the roadmap
in decline Promoting private and public sector participation, keeping in mind the future needs of the armed forces of India. Development of at least 10 nuclear propulsion systems, which are necessary for aircraft carriers and other warships. Target to acquire 62 Rafale jets by 2030, of which 36 are for the Air Force. Purchase of two electromagnetic aircraft launch systems and next generation tanks. In the missile sector, purchase of 4-5th generation anti-tank guided missiles (ATGM), air-to-air missile systems etc. However, the shares of Paras Defence and Garden Reach Shipbuilders & Engineers (GRSE) remained in decline. Message for investors- This roadmap provides a strong long-term basis for India's defense sector and these companies are expected to get big benefits after the government's purchasing decisions. This can be an attractive opportunity for investors in the defense sector as the sector is moving towards expansion and emphasis is being laid on technological advancement. Meaning for investors: After the roadmap, orders and demand are likely to remain in the defense sector for a long time. Due to this, companies like HAL, Cochin Shipyard, BEL can emerge as strong players.
Read More: Stock Market: 8 trillion dollars in cash, will this treasure start a new boom in the market?
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