Low impact
Defence shares recover; BDL bounces 2.3% from its 52-week low
Defence shares recovered with the wider market. Bharat Dynamics rose 2.26% to ₹996 after hitting a 52-week low of ₹974 on Friday, Mazagon Dock rose 1.84% and Bharat Electronics 1.78%. Reports said BEL kept its FY27 outlook of about 15% revenue growth and order inflows above ₹55,000 crore after its 30 October results. Hindustan Aeronautics was almost unchanged at ₹4,855. Its board meets on 12 November to approve September-quarter results. Mazagon Dock's ₹5 interim dividend has a 3 November record date.
The chain of consequences
- 1Defence shares fell last week
- 2Broad market rally lifts state-run shares
- 3BDL, Mazagon Dock and BEL rise about 2%
- 4HAL is flat ahead of results on 12 November
Tends to gain
Defence manufacturers
Tends to lose
None directly
If it reverses
Order delays or weak results could renew pressure.
Companies in this story
Other stories today
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- Reliance jumps 11.6% after a 41% profit rise, lifting the Nifty 1.68% to 23,440.80
- US votes in midterm elections; Trump says no new strikes on Iran before the vote
- Record October vehicle sales lift auto shares; Maruti up 2.4%
- Metal shares rise 3.2%; Coal India gains 4.9% after record October supplies
- Foreign investors buy about ₹3,115 crore; rupee slips 10 paise to 94.86
- NTPC and Power Grid rise after results; NHPC reports on 4 November
- IT and pharma shares lag the rally; Infosys falls 2%
- US factory survey strengthens to 55.5 while the 10-year yield eases to 4.89%
- State-run banks rise 1.4% on Bank of Baroda results; Bank of Maharashtra slips
- L&T rises 1.8% as infrastructure shares gain