Investing in defence shares offers financial growth due to its steady demand, government backing, and long-term contractual commitments. Listed below is a Defence stock which is the Indian government’s prime manufacturer of defence machinery in the Aeronautic segment, that you can add to your watchlist/ portfolio.
Mutual funds are investment vehicles that pool money from multiple investors to purchase a diversified portfolio of stocks, bonds, or other securities, which helps reduce the overall risk of the investment and protect the investor’s portfolio from the volatility of individual securities.
Listed below are some of the stocks with operations in the Defence sector in which Mutual Fund Corporations have increased their holding in Q2FY25
Zen Technologies Limited is engaged in the business of designing, developing, and manufacturing state-of-the-art Combat Training Solutions for the training of Defence & Security Forces worldwide.
With a market capitalization of Rs. 17,228 Crores, the shares of Zen Technologies Limited closed at Rs. 1,908.15 per equity share, up 0.48 percent from its previous day’s close price of Rs. 1,899.05.
In Q2FY25 the Mutual Fund Corporations increased their holding in Zen Technologies Limited from 0.16 percent in Q1FY25 to 4.55 percent in Q2FY25 by purchasing an additional 4.39 percent stake.
Its Revenue from operations grew by 92.24 percent from Rs. 132.45 Crores in Q1FY24 to Rs. 254.62 Crores in Q1FY25, accompanied by profits of Rs. 48.44 Crores to Rs. 79.49 Crores.
Astra Microwave Products Limited is engaged in the business of designing, developing and manufacturing sub-systems for radio frequency and microwave systems used in defence, aerospace, meteorology, space, and telecommunications.
With a market capitalization of Rs. 7,634 Crores, the shares of Astra Microwave Products Limited closed at Rs. 804 per equity share, down 1.53 percent from its previous day’s close price of Rs. 816.50.
In Q2FY25 the Mutual Fund Corporations increased their holding in Astra Microwave Products Limited from 8.91 percent in Q1FY25 to 10.42 percent in Q2FY25 by purchasing an additional 1.51 percent stake.
Its Revenue from operations grew by 16 percent from Rs. 133.73 Crores in Q1FY24 to Rs. 155.18 Crores in Q1FY25, accompanied by a loss of Rs. 6.74 Crores to a profit of Rs. 7.2 Crores.
Paras Defence and Space Technologies Limited is primarily engaged in designing, developing, manufacturing and testing a variety of defence and space engineering products and solutions, with operations in application areas of Rockets & Missiles, Electronic Warfare & Surveillance, Battle Tanks & Armoured Vehicles, and many more.
With a market capitalization of Rs. 7,633 Crores, the shares of Paras Defence and Space Technologies Limited closed at Rs. 804 per equity share, down 1.53 percent from its previous day’s close price of Rs. 816.50.
In Q2FY25 the Mutual Fund Corporations increased their holding in Paras Defence and Space Technologies Limited from 0.06 percent in Q1FY25 to 0.63 percent in Q2FY25 by purchasing an additional 0.57 percent stake.
Its Revenue from operations grew by 73 percent from Rs. 48.32 Crores in Q1FY24 to Rs. 83.57 Crores in Q1FY25, accompanied by profits of Rs. 5.81 Crores to Rs. 14.11 Crores.
Written by: Bharath K.S
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
