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Defense stocks slip despite proposal to target Rs 3.05 lakh crore for Defense spending

05 Jul 2019 Evaluate

Defense stocks declined despite FM announced Defense spending targets at Rs 3.05 lakh crore versus Rs 2.85 lakh crore.

Astra Microwave Products is currently trading at Rs. 85.20, down by 1.55 points or 1.79 % from its previous closing of Rs. 86.75 on the BSE. The scrip opened at Rs. 87.15 and has touched a high and low of Rs. 87.15 and Rs. 85.20 respectively. So far 33878 shares were traded on the counter.

Bharat Dynamics is currently trading at Rs. 318.45, down by 13.70 points or 4.12% from its previous closing of Rs. 332.15 on the BSE. The scrip opened at Rs. 335.00 and has touched a high and low of Rs. 340.00 and Rs. 315.90 respectively. So far 7997 shares were traded on the counter.

BEML is currently trading at Rs. 906.00, down by 10.30 points or 1.12% from its previous closing of Rs. 916.30 on the BSE. The scrip opened at Rs. 919.90 and has touched a high and low of Rs. 925.80 and Rs. 903.50 respectively. So far 25567 shares were traded on the counter.

Peers
Company Name CMP
Hindustan Aeronaut. 4898.75
Bharat Electronics 405.50
Aequs 226.05
Astra Microwave Prod 1677.95
DCX Systems 166.95
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