The defense industry encompasses companies engaged in manufacturing, research and development, design, manufacture, supply, and maintenance of military weapon systems, subsystems, and components.
A list of buy and sell orders for a particular financial instrument or security is called an order book value. The order book value indicates the total number of shares that are offered or bid at various market depths and can be used to gauge the popularity of a particular financial instrument or security.
Here are 2 defense stocks with an order book of up to Rs 80,000 Crore.
Hindustan Aeronautics Ltd.
Hindustan Aeronautics Ltd is engaged in the manufacturing of aircraft and the provision of related maintenance services, HAL plays a crucial role in India’s defense program.
Hindustan Aeronautics Ltd is a Large-cap company with a market capitalization of Rs 1,37,781.03 crore, On Monday, the shares closed at Rs 2060.20 a share, a decrease of 0.62 percent from the previous close price.
Hindustan Aeronautics Ltd’s total order book value now stands at over Rs 81,784 crore which gives visibility of future growth.
Hindustan Aeronautics Ltd’s revenue increased by 9.3 percent from Rs 24,620.02 crore FY 2021-22 to Rs 26,927.46 crore FY 2022-23. Further, During the same period, net profit increased by 14.7 percent from Rs 5,079.88 crores to Rs 5,827.73 crores.
Bharat Dynamic Ltd
Bharat Dynamics (BDL) is an enterprise under the Government of India. It is involved in producing allied defense equipment and guided missiles.
Bharat Dynamics Ltd is a Mid-cap company with a market capitalization of Rs 19,836.53 crore, On Monday, the shares closed at Rs 1,082.30 a share, an increase of 1.78 percent from the previous close price.
Bharat Dynamics Ltd’s total order book value now stands at over Rs 20,054 crore which gives visibility of future growth.
Bharat Dynamics Ltd’s revenue increased by 15.14 percent from Rs 534.79 crore Q2FY23 to Rs 615.81 crore Q2FY24. Further, During the same period, net profit increased by 94 percent from Rs 75.81 crores to Rs 147.09 crores.
Written by:- Abhishek Singh
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