The global industrial complex that supports research and development, as well as the design, manufacture, delivery, and maintenance of military weapon systems and subsystems, is known as the Defense Industrial Base Sector.
A valuation measure called the price/earnings to growth ratio, or “PEG ratio,” evaluates the proportionate trade-off between a stock’s price, its earnings generated per share (EPS), and its expected growth. Something less than 1.0 indicates a good PEG ratio.
Here are 2 defense stocks with peg ratio less than 1
High Energy Batteries Ltd produces high-tech batteries for the Army, Navy, Air Force, and launch vehicles in addition to commercial batteries for automobiles.
High Energy Batteries Ltd is a micro-cap company with a market capitalization of Rs 516.05 crores. On, Wednesday, The company shares were trading at Rs 575.7 a share, an increase of 1.34 percent from the previous close price.
High Energy Batteries Ltd revenue decreased 12.22 percent from Rs. 20.21 crores in Q2FY23 to Rs 17.74 crores in Q2FY24. Further, During the same period, Net Profit decreased from Rs 2.85 crores to Rs 2.26 crores.
High Energy Batteries Ltd’s peg ratio is 0.17 which is less than one.
Reputably ranked among the largest and most reputable aerospace and defense firms globally, Hindustan Aeronautics Ltd produces and fixes airplanes and helicopters in addition to offering maintenance and repair services.
Hindustan Aeronautics Ltd is a large-cap company with a market capitalization of Rs 1,38,102.04 crores. On Wednesday, The company shares were trading at Rs 2,063.30 a share, an increase of 0.51 percent from the previous close price.
Examining the business’s financials, the company’s revenue increased 9.5 percent from Rs. 5,144.79 crores in Q2FY23 to Rs 5,635.7 crores in Q2FY24. Further, During the same period, Net Profit increased by 1.05 percent from Rs 1,218.94 crores to Rs 1,232.29 crores.
Hindustan Aeronautics Ltd peg ratio is 0.45 which is less than one.
Written by:- Abhishek Singh.
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