A pickup in approvals and orders, which had slowed for much of FY25, improves the medium-term revenue visibility of defence public sector undertakings (D-PSU). However, the execution of existing orders remains a major challenge for most of these firms.
A continued focus on order inflows, which leads to a sentimental uptick in stocks, might lead investors to miss the wood for the trees.
Defence capital spending fell 20% year-on-year in H1 FY25, but is expected to pick up in Q4 with multiple large orders lined up for finalization such as Sukhoi engines and SU-30 MKI, Antique Stock Broking Ltd said in a report on 27 December.
Despite a near sixfold jump in the last couple of years to its all-time high of 8,302.03 in July 2024, the Nifty India Defence index is down almost 23% since then.
Bu hikaye Mint Mumbai dergisinin January 09, 2025 sayısından alınmıştır.
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Bu hikaye Mint Mumbai dergisinin January 09, 2025 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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