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Defense stocks have dominated the stock markets over the past year. During this period, companies that have given strong returns to investors include Hindustan Aeronautics Ltd. and Bharat Dynamic Ltd. Both these companies have a long list of work orders.
1- Hindustan Aeronautics Limited continues to perform strongly
In the last one year, the share price of this defense company has seen an increase of more than 63 percent. At the same time, investors who bought this stock 6 months ago have made more than 36 percent profit so far. The past one month has also been good from an investor’s point of view. Let us tell you that the market cap of the company is Rs 1,37,781 crore.
311 crores of work was received by the railway stock which ran away like a bullet train
The revenue in the financial year 2022-23 has been Rs 26,927.46 crore. The company’s revenue has seen an increase of 9.3 percent year-on-year. Hindustan Aeronautics Limited’s net profit during the last financial year was Rs 5079.88 crore.
2- Bharat Dynamics Limited
Compared to HAL, Bharat Dynamics has not fared well in the stock market. But this company has not disappointed investors in the long run. The price of this defense stock has increased by more than 283 percent in the last 5 years. At the same time, in the last one year, the company’s share price has seen an increase of over 17 percent.
In the second quarter of the current financial year, the company’s revenue stood at Rs. 615.81 crores. This is an increase of 15.14 percent year-on-year. At the same time, net profit increased by 94 percent year-on-year.