India's total value of defence production surpassed the 1-trillion mark in financial year 2022-23 (FY23), up 12 per cent year-on-year (YoY). At the bourses, this has been well reflected in stocks from the sector as they gained considerably during this period.
Shares of Hindustan Aeronautics Ltd (HAL), Mazagon Dock Shipbuilders, MTAR Technologies, Bharat Electronics Ltd (BEL), and Bharat Dynamics Ltd (BDL) have skyrocketed up to 160 per cent in a year, against a 14 per cent rise in the Sensex.
This stellar run has also prompted mutual fund houses to bet big on defence players.
According to the Association of Mutual Funds in India (AMFI), diversified equity funds with the highest exposure to defence stocks-Aditya Birla SL Pure Value Fund, IDBI Dividend Yield Fund, HDFC Midcap Opportunities Fund, and Mirae Asset Midcap Fund have delivered up to 27 per cent direct returns in the one-year period.
هذه القصة مأخوذة من طبعة May 27, 2023 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة May 27, 2023 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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