defense share

The defense sector continues to dominate the stock market. Due to the 'Make in India' campaign, huge orders are being received by the defense sector companies, which is expected to increase their profits tremendously. To capitalize on this boom, well-known brokerage firm DAM Capital has opened the entire accounts of 9 major defense companies. If you are also thinking of investing money in this sector, then this list is very useful for you. The brokerage has advised to buy on 7 shares, while it has asked to be cautious on 2 shares.

'Buy' rating on these shares, you will get huge profits

Out of the 7 stocks on which Dam Capital has expressed confidence, the possibility of huge returns of up to 45% has been expressed in some of them.

1. Hindustan Aeronautics (HAL): This stock is the biggest star of this entire list. Brokerage is very bullish on this stock with its current price of Rs 4,330 and has given a target of Rs 6,300. That means, there can be a huge upside of up to 45.5%.
2. Bharat Electronics (BEL): The current price of this popular share among investors is Rs 431. The brokerage has given it a 'Buy' rating and a target of Rs 530. There is a possibility of a rise of about 23.0%.
3. Zen Technologies: This stock, which is trading at Rs 1,673, is also showing strong growth. Its target has been fixed at Rs 1,990, which can give a profit of 18.9% to investors.
4. Astra Microwave: This share with the current price of Rs 1,130 can be bought with a target of Rs 1,300. It is expected to rise by 15.0%.
5. Bharat Dynamics (BDL): The company's share is currently around Rs 1,372. It has got 'Buy' rating and a target of Rs 1,540 has been set. There is a potential profit of 12.2% in this.
6. Mishra Dhatu Nigam (MIDHANI): Brokerage has set a target of Rs 430 on a share of Rs 390. In this, investors can see a gain of 10.3%.
7. Solar Industries: This is the most expensive stock in the list. Despite the current price of Rs 15,470, the brokerage has given it a 'Buy' rating. Its target has been kept at Rs 17,060, which can give a return of 10.3%.

Be careful in these 2 stocks now (Neutral Rating)

Not every defense stock is ready to run yet. Dam Capital has made it clear in its report that at present there is limited scope in two big companies:

1. Mazagon Dock Shipbuilders: The target of this share with the current price of Rs 2,738 has been kept at only Rs 2,770. Brokerage believes that it can increase by only 1.2%.
2. Garden Reach Shipbuilders: Investors need to be most cautious in this stock. Keeping the share priced at Rs 2,946 'neutral', the brokerage has given a target of Rs 2,660. This simply means that it may fall by 9.7% from the current price.

Disclaimer: This article is for information only and should not be considered as investment advice in any way. TV9 Bharatvarsha advises its readers and viewers to consult their financial advisors before taking any money-related decisions.

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