Defense stocks crash: When US President Donald Trump claimed a ceasefire between Israel and Iran, its call was also heard in the domestic stock market. Even in the atmosphere of all -round purchasing in the domestic stock market, the shares of defense companies showed some profits from high levels and they came down. Before today’s decline, there was a strong trend in defense shares for about a month. Talking further, the trend of brokerage firms is still positive about this sector. Here today the favorite stock of Defense Stocks and the favorite stock of brokerage firm is being told.
Defense Stocks Crashed: What is Stockwise Status?
The shares of Mishra Dhatu Nigam broke 5% and became the top loser of the BSE smallcap index. Apart from this, shares of Garden Reach Shipbuilders today, 4%, weapon microwave 4%, Paras Defense and BEML 3%-3%, India Dainemics 2.5%and Hindustan Dock Shipbaldlers (HAL) (HAL) (HAL) (HAL) (HAL) (HAL) (HAL) (HAL) (HAL) (HAL) (HAL) (HAL) (HAL) (HAL) (HAL) (HAL) (HAL) (HAL) (HAL) (HAL) (HAL) (HAL) (HAL) (HAL) (HAL) (HAL) (HAL) (HAL) and Majhagaon Do Dock Shipbuilders) 1.5% -1.5% broke. Cochin Shipyard also broke around 2%. In a month before today’s decline, the alloy corporation had climbed around 15%, Garden Reach Shipbuilders 25%, Cochin Shipyard was about 20%, the weapon microwave up about 10%.
What is the tendency of brokerage firm on defense stocks?
Brokerage firm Nirmal Bang says that due to the emphasis on indigenous and self-sufficient India, the defense stocks have recently shown a lot of rise. Due to this, further defense shares will get support and export will increase. The most favorite stock of the brokerage firm from this sector is Solar Industries. Apart from this, the brokerage firm also likes HAL, India Dynamics, BEML and data patterns.
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