By Admin 
Share Market: The Defense Acquisition Council (DAC) has approved eight proposals worth about Rs 54000 crore under the chairmanship of Defense Minister Rajnath Singh on 20 March. Due to this, today the shares of the defense sector are seeing a tremendous boom. At around 10 am, the Sensex was trading at 180.20 points or 0.23 percent to 76,564.72, while the Nifty was at a level of 23,251.65 with a gain of 61 points or 0.26 %.
Powerful rally in Defense Stocks
In the last few business sessions, there is a tremendous boom in defense stocks. On Thursday, Bharat Forge shares rose up to 6 percent. It was trading in the range of Rs 1200. The 52 week high of this stock is Rs 1,826 and low 1001 rupees, which it made on 28 February. Apart from this, shares of Bharat Dynamics, BEL, Astramicro and Hindustan Aeronautics also saw a tremendous rise. India Dynamics shares also touched a level of Rs 1,317 with a huge jump of 5.63 %. BEML shares also gained 4.83 percent lead to 2,877.70.
We are going to tell you about some such defense stocks, in which you can benefit from investing in the coming days. Let’s take a look at them-
Lokesh Machines Limited
The company supplies critical parts for missile systems, armored vehicles and aerospace. This company with a market capital of Rs 285 crore is doing business of share at Rs 151. This is 5 percent more than its previous closed price.
Hindustan Aeronautics Limited
The market capitalization of Indian public sector aerospace and defense company Hindustan Aeronautics, which produces Tejas aircraft and Dhruv helicopters, is Rs 2.61 lakh crore. The company’s shares are trading at a price of Rs 3,907 crore, which is 2.34 percent more than the previous closed level.
Disclaimer: (The information provided here is being given only for information. It is necessary to tell here that the investment in the market is subject to risks. Always consult expert before investing as an investor. Abplive.com is never advised to invest money here.)
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