{"id":139177,"date":"2024-11-19T16:08:45","date_gmt":"2024-11-19T10:38:45","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=139177"},"modified":"2024-11-19T16:08:47","modified_gmt":"2024-11-19T10:38:47","slug":"stock-jumps-4-after-company-in-talks-with-ministry-of-defence-for-artillery-gun-system","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/stock-jumps-4-after-company-in-talks-with-ministry-of-defence-for-artillery-gun-system\/","title":{"rendered":"Stock Jumps 4% after company in talks with Ministry of Defence for Artillery Gun System"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4276484585\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The Indian defense sector has witnessed significant growth over the past few years, driven by the government&#8217;s focus on self-reliance through the &#8220;Atmanirbhar Bharat&#8221; initiative. With increasing defense budgets and strategic emphasis on modernizing military equipment, India is actively promoting indigenous defense manufacturing.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2817852114\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>Key players in this sector include <strong>Bharat Electronics Limited (BEL)<\/strong>, known for its defense electronics; Hindustan Aeronautics Limited (HAL), a leader in aircraft manufacturing; and Bharat Forge, which specializes in artillery systems and military vehicles. Larsen &amp; Toubro (L&amp;T) is also a major contributor to defense infrastructure and weaponry systems.\u00a0<\/p><p>Additionally, companies like Mahindra Defence Systems and Ashok Leyland are involved in manufacturing military vehicles, reinforcing India&#8217;s growing defense capabilities. The sector&#8217;s expansion is supported by advancements in technology and innovation, propelling India toward becoming a global defense manufacturing hub.<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Share Price<\/strong><\/h2><p>The Shares of the company are trading at Rs. 1319 up 1.2% from its previous close of Rs. 1,304 as of 02:55 p.m. on Tuesday, November 19, 2024. The stock had also touched Rs. 1,355 up 4% during the intraday trade.<\/p><div class=\"trade-content_5\" id=\"trade-4252831788\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Growing Defence Exports<\/strong><\/h2><p>As India strengthens its defense capabilities, it is also emerging as a key exporter of advanced defense technology. India has successfully delivered systems like the Akash missile, Pinaka rocket launcher, BrahMos cruise missile, and SMG (Submachine Guns) to countries like Armenia, France, and the Philippines. These exports showcase India\u2019s growing influence in the global defense market and its ability to provide cutting-edge military solutions to international allies.<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Recent Updates<\/strong><\/h2><p><a href=\"https:\/\/portal.tradebrains.in\/stocks\/BHARATFORG\" target=\"_blank\" rel=\"noreferrer noopener\">Bharat Forge<\/a> is actively participating in the contract negotiation process for the Advanced Towed Artillery Gun System (ATAGS) with the Ministry of Defence, Government of India. Securing this contract would be a significant achievement for the company, reinforcing its position as a key player in India\u2019s defense manufacturing sector.\u00a0<\/p><p>The ATAGS is a critical project for the Indian military, and Bharat Forge\u2019s involvement in such high-profile defense deals will further enhance its reputation and capabilities in advanced artillery systems.<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>About the Company<\/strong><\/h2><p>Bharat Forge, a key player in the manufacturing and sale of forged and machined components, caters to both the automotive and industrial sectors. Part of the Kalyani Group, which boasts an annual turnover exceeding USD 3 billion, Bharat Forge is a leading name in the forging industry.&nbsp;<\/p><p>The group has a diverse presence across various sectors, including engineering steel, defense equipment, automotive, industrial, renewable energy, urban infrastructure, and specialty chemicals. With its strong market position, Bharat Forge continues to innovate and maintain leadership in multiple business segments, contributing significantly to the group&#8217;s growth and global footprint.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written By: Dipangshu Kundu<\/strong><\/p><\/blockquote><h2 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h2><div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on&nbsp;<a href=\"https:\/\/tradebrains.in\/\">tradebrains.in<\/a>&nbsp;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<\/strong>.<\/p><div class=\"trade-content-10\" id=\"trade-2040561824\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><div class=\"trade-after-content\" id=\"trade-3461952939\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The Indian defense sector has witnessed significant growth over the past few years, driven by the government&#8217;s focus on self-reliance through the &#8220;Atmanirbhar Bharat&#8221; initiative. With increasing defense budgets and strategic emphasis on modernizing military equipment, India is actively promoting indigenous defense manufacturing.&nbsp; Key players in this sector include Bharat Electronics Limited (BEL), known for [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":105282,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[5869,7446,24725,948,936],"class_list":["post-139177","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-bharat-electronics-limited","tag-bharat-electronics-limited-latest-news","tag-bharat-electronics-limited-news-2","tag-stock-market","tag-stock-market-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Stock Jumps 4% after company in talks with Ministry of Defence for Artillery Gun System - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The Indian defense sector has witnessed significant growth over the past few years, driven by the government&#039;s focus on self-reliance through the &quot;Atmanirbhar Bharat&quot; initiative. 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