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.
Denne historien er fra April 04, 2024-utgaven av Business Standard.
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Denne historien er fra April 04, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Indians prefer credit over debit card for high-value payments
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An Indian anthropologist ahead of her time
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IAF plane makes inaugural landing at upcoming Navi Mumbai airport
An Airbus C-295 of the Indian Air Force (IAF) touched down at Navi Mumbai International Airport (NMIAL) on Friday, marking the formal inaugural flight landing at the place. A Sukhoi SU-30 fighter jet did a low fly-by at the airport to test the 3.7-km long runway in the presence of Maharashtra Chief Minister Eknath Shinde, his deputy Devendra Fadnavis and Murlidhar Mohol, Minister of State for Civil Aviation and Co-operation.
Less than 33% of youth can search Net, transact online
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TCS shares dip as analysts offer mixed outlook
IT sector is expected to grow considerably from Q4 FY25 onwards
NSE retains Nifty 50 for weekly contracts
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Noel's appointment as Tata Trusts' chair signals continuity: Analysts
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Sebi intervenes in ₹45cr Trafiksol IPO irregularity
To undertake detailed examination into disclosures by the firm
India-focused funds log first weekly redemption in 19 mths
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