The Indian government Targets to export over Rs. 50,000 Crores worth of defence equipment by 2028-2029 and achieve self reliance. Investing in defence shares offers financial growth due to its steady demand, government backing, and long-term contractual commitments.
Listed below are some of the Defence stocks trading at a discount of upto 36 percent that you can add to your watchlist
Paras Defence and Space Technologies
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 a market capitalization of Rs. 4,309 Crores, the shares of Paras Defence and Space Technologies Limited closed at Rs. 1,105.05 per equity share, down 0.54 percent from its previous day’s close price of Rs. 1,111.05.
Paras Defence and Space Technologies Limited hit its 52-week high price of Rs. 1,592.75 on July 5, 2024, and Compared with its current market price of Rs. 1,105.05, it is trading at a discount of 31 percent.
Data Patterns (India)
Data Patterns (India) Limited is an integrated defence and aerospace electronics provider catering to the indigenously developed defence products industry. It offers electronic warfare products, radar, radar subsystems, test systems, naval systems, processors, and many More.
With a market capitalization of Rs. 14,040 Crores, the shares of Data Patterns (India) Limited closed at Rs. 2507.95 per equity share, down 2 percent from its previous day’s close price of Rs. 2,560.90.
Data Patterns (India) Limited hit its 52-week high price of Rs. 3,654.75 on July 5, 2024 and Compared with its current market price of Rs. 2507.95, it is trading at a discount of 31 percent.
Krishna Defence and Allied Industries
Krishna Defence & Allied Industries Limited is engaged in the business of designing, developing and manufacturing Defence Application Products, Kitchen, and Dairy Equipment Products related to it.
With a market capitalization of Rs. 1,044 Crores, the shares of Krishna Defence and Allied Industries Limited closed at Rs. 743 per equity share, up 3 percent from its previous day’s close price of Rs. 720.
Krishna Defence and Allied Industries Limited hit its 52-week high price of Rs. 1,130 on July 1, 2024, and Compared with its current market price of Rs. 743, it is trading at a discount of 34 percent.
Apollo Micro Systems
Apollo Microsystems is engaged in the design, development, and assembly of custom-built electronics and electro-mechanical solutions and many more for aerospace, defence, space, transportation, and homeland security markets.
With a market capitalization of Rs. 3,261 Crores, the shares of Apollo Micro Systems Limited closed at Rs. 106.40 per equity share, down 1.57 percent from its previous day’s close price of Rs. 108.10.
Apollo Micro Systems Limited hit its 52-week high price of Rs. 161.75 on November 20, 2023, and Compared with its current market price of Rs. 106.40, it is trading at a discount of 34 percent.
Bharat Dynamics
Bharat Dynamics Limited is engaged in the business of manufacturing and supplying missiles and allied defence equipment like torpedo advanced lightweight, medium-range surface-to-air missiles, quick-reaction surface-to-air missiles, and many more.
With a market capitalization of Rs. 41,898 Crores, the shares of Bharat Dynamics Limited closed at Rs. 1,143 per equity share, down 1.6 percent from its previous day’s close price of Rs. 1,161.90.
Bharat Dynamics Limited hit its 52-week high price of Rs. 1,794.70 on July 05, 2024 and Compared with its current market price of Rs. 1,143, it is trading at a discount of 36 percent.
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.
