One of the very few defence players which got beaten down due to a political tussle pre elections. The govt owes them approx 20,000cr. Def Minister Sitaraman had mentioned orders are close to being confirmed. Always been a profit making company with good margins and good cash flows. Hopefully things get back to normal soon.
Today the stock broke out with 12x volumes and 90% delivery.
Seems more an investor play to go long. But still with a deep SL for if things go wrong again.
Today the stock broke out with 12x volumes and 90% delivery.
Seems more an investor play to go long. But still with a deep SL for if things go wrong again.
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