Defence stocks in India have emerged as a significant segment in the development of the country’s economy, due to the rapid advancements and strategic developments in the defence sector.
India has been the top importer of Defence products and technology. Investors choose defence stocks as a secure investment choice because of their consistent demand, government support, and long-term contractual commitments.
Listed below are the defence stocks that are under Rs. 150:
Apollo Micro System
With a market capitalization of Rs. 3,772 crores, the shares of Apollo Micro System Ltd opened flat on Friday trading session at Rs. 138.75 compared to its previous close at Rs. 138.65. The share hit a low of Rs. 131.75 making a loss of around 5 percent and closed at the same price.
Looking at the financials statement, the company’s revenue increased by 51 percent from Rs. 57.69 crores during the June quarter to Rs. 87.16 crores in the September quarter. In addition, the net profit magnified by 295 percent from Rs. 1.66 crores to Rs. 6.56 crores during the same timeframe.
Moreover, the return on equity was increased from 4.68 percent in FY21-22 to 5.71 percent during FY22-23, and keeping the timeframe same, the return on capital employed increased from 8.71 percent to 10.68 percent. The company’s shares are undervalued as the Price to earning (PE) stands at 30.66 times compared to its industry average of 34.37 times.
Headquartered in Hyderabad, Apollo Micro System Ltd was incorporated in 1997. The company has expertise in designing, developing, assembling, and testing Ruggedized Custom Built Electronic Hardware and software solutions for Mission Critical applications.
Bharat Electronics Ltd
With a market capitalization of Rs. 1.3 lakh crores, the shares of Bharat Electronics Ltd started Friday’s trading session flat at Rs. 139.95. The share hit a high of Rs. 142 making a gain of around 1 percent and closed the day at Rs. 140.35 apiece.
Looking at the financials statement, the company’s revenue increased by around 14 percent from Rs. 3,532 crores during the June quarter to Rs. 4,009 crores in the September quarter. In addition, the net profit magnified by around 47 percent from Rs. 538 crores to Rs. 789 crores during the same timeframe.
Moreover, the return on equity was increased from 20.17 percent in FY21-22 to 5.71 percent during FY22-23, and keeping the timeframe same, the return on capital employed increased from 8.71 percent to 10.68 percent.
Headquartered in Bengaluru, Bharat Electronics Limited was incorporated in 1954. The company operates in the aerospace and defence sector, it primarily manufactures advanced electronic products for ground and aerospace applications.
Written By Vaibhav Patil
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.
