The sector is poised for steady growth.
Budgeted domestic capex is likely to hit ₹3 trillion per annum, and exports could reach $6 billion by FY29.
There are listed high-end players in areas like electronics, aerospace, ITenabling, and material sciences. The Nifty Defence Index (NDI) of 14 listed companies has far outperformed the benchmark Nifty.
The NDI has beaten the Nifty by 31 percent and 96 percent in the last six months and 12 months respectively. The best price performers over 12 months are Cochin Shipyard which is up 290 percent, Zen Technologies (183 percent) and Mazgaon Dock (173 percent). MTAR Technologies (down 21 percent in 12 months) is the only loser in the NDI.
The average operating profit margin for listed constituents was up 280 basis points at 21.8 percent and operating profit grew 23.5 percent year on year (Y-o-Y) to ₹10,400 crore and net profit was up 27 percent at ₹8,900 crore.
Diese Geschichte stammt aus der April 04, 2024-Ausgabe von Business Standard.
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Diese Geschichte stammt aus der April 04, 2024-Ausgabe von Business Standard.
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