Latest news with #BabaKalyani
News18
12-05-2025
- Business
- News18
IdeaForge, Zen Technologies, HAL, BDL, BEL Gain Up To 8%; Why Are Defence Stocks Rallying?
Last Updated: Defence-related stocks, particularly drone manufacturers, were among the top gainers in Monday's trade; Know why Defence Stocks Rise: Defence-related stocks, particularly drone manufacturers, were among the top gainers in Monday's trade, driven by a day of calm along the India-Pakistan border following a ceasefire. Investor sentiment was further buoyed by expectations of increased government spending on defence in the coming quarters. Among the top performers, Ideaforge Technology Ltd surged 6.44% to Rs 493.05, while ZEN Technologies Ltd gained 5% to Rs 1,476.65 on the BSE. Droneacharya Aerial Innovations Ltd also advanced 5% to Rs 71.53, and Data Patterns (India) Ltd rose 4.14% to Rs 2,390.50. However, Paras Defence and Space Technologies Ltd, which has been leading the recent defence sector rally, declined 4.9% to Rs 1,387. The stock moved out of the short-term ASM (Additional Surveillance Measure) framework starting today, which may have triggered some profit-taking. Bharat Forge Ltd rose 1.36% to Rs 1,181.90. Reports suggest the government has called for a key meeting with defence manufacturers in Delhi this week, as hinted by CMD Baba Kalyani in a recent CNBC-TV18 interview. According to JM Financial, while markets may not be significantly impacted by border tensions, 'one cannot rule out further escalation or a prolonged conflict." The firm noted that the Indian economy is now more resilient and better equipped to handle geopolitical stress compared to the past. Other notable movers included Bharat Dynamics Ltd, which edged up 0.25% to Rs 1,535.05, Bharat Electronics Ltd gaining 0.71% to Rs 318, and BEML Ltd, which advanced 3.71% to Rs 3,172.05. First Published: May 12, 2025, 15:14 IST
Time of India
12-05-2025
- Business
- Time of India
Zen Tech and other defence stocks rally up to 8% after ceasefire fuels hopes of higher military spending
Shares of Indian defence companies climbed up to 8% on Monday as investors bet on stronger military spending following a return to calm along the India-Pakistan border and expectations of reform-led sectoral tailwinds. Defence stocks surged in Monday's trade, led by drone manufacturers , after a ceasefire between India and Pakistan brought a temporary calm to the border region and reignited optimism around increased military procurement. Zen Technologies rose as much as 5% to Rs 1,476.65, while Ideaforge Technology soared 7.9% to Rs 500. Droneacharya Aerial Innovations and Data Patterns rose 5% and 6.3%, respectively. Shares of Bharat Forge gained 4% to Rs 1,213.60. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Fier-ferme: Unsold Furniture Liquidation 2024 (Prices May Surprise You) Unsold Furniture | Search Ads Learn More Undo The rally came as the Indian Army confirmed 'the first peaceful night' in recent days along the border, with no fresh explosions or projectiles reported overnight. Tensions had escalated earlier last week, triggering precision Indian strikes on terror camps in Pakistan and Pakistan-occupied Kashmir. The ceasefire, announced Saturday, marked a temporary halt to four days of intense cross-border shelling. India's military leadership said operations chiefs from both countries were in talks on Monday to determine next steps, even as a 'hotline' message was sent to Pakistan over earlier ceasefire violations. While schools remained shut in some districts, markets edged higher, buoyed by a pause in hostilities and hopes of sustained defence sector reforms. The rally comes amid reports that the Modi government has summoned key defence manufacturers to Delhi this week to discuss ramping up production. Bharat Forge Chairman Baba Kalyani confirmed the meeting in comments to CNBC TV18, though declined to elaborate. Live Events Brokerage Ashika Institutional Equity said it remains bullish on Indian defence stocks, citing 'a favourable backdrop of heightened geopolitical activity, expanding order books, and growing export potential.' The brokerage flagged Zen Technologies, Data Patterns, Paras Defence , and Bharat Forge among the top private sector picks. 'Operation Sindoor delivered a resounding blow to the credibility of Pakistan's Chinese-supplied air defence systems and, by extension, to Beijing's claims of military superiority,' said Krishna Doshi, Defence Analyst at Ashika, suggesting Indian companies could see a pickup in export orders. Meanwhile, India's defence minister Rajnath Singh recently reiterated an ambitious export target of Rs 500 billion by FY29, more than double the current Rs 240 billion. The government aims to make India the top defence exporter by 2047, a target Ashika Equity believes is achievable with increased integration of AI, robotics, and advanced indigenous platforms. On Friday, Paras Defence had led gains with a 7.5% rise to Rs 1,463. However, the stock reversed course on Monday, falling 6.1% to Rs 1,370.1, coinciding with its exit from the short-term Additional Surveillance Measure (ASM) framework—a factor that may have prompted profit-taking. Also read | Defence stocks set to rally on export hopes amid rising India-Pakistan tensions: Ashika Equity The recent Rafale-M deal worth Rs 630 billion with France, under which Indian companies will manufacture key aircraft components, and NATO's projected EUR 800 billion in defence spending over the next few years, further underline the opportunity for Indian defence firms, especially in the private sector, which already account for 60–65% of defence exports, Ashika Equity noted.
Time of India
09-05-2025
- Business
- Time of India
India-Pakistan tensions: Defence stocks surge over 5% as Operation Sindoor continues
The defence allocation in India's budget for FY2026 is set at Rs 6.81 lakh crore. (AI image) Operation Sindoor impact on defence stocks: Defence-related stocks on Friday saw significant gains, with companies like Hindustan Aeronautics and Bharat Forge showing increases of up to 4% amid escalating tensions between India and Pakistan. Paras Defence recorded the highest increase, reaching an intraday peak of Rs 1,436.00, a 5.65% rise on the NSE. Bharat Dynamics followed with a 4.955% increase, reaching Rs 1,525.70 . Bharat Forge saw a 4.89% rise. BEL and HAL shares increased by 2.7% and 2.4% respectively. The increased interest in defence stocks coincided with news of an upcoming meeting between the Modi government and defence manufacturers. When questioned about possible government requests to increase production due to rising Pakistan tensions, Bharat Forge's Chairman and Managing Director, Baba Kalyani, stated to CNBC TV18, "We've been called to Delhi next week. Operation Sindoor Operation Sindoor: 'India won't give face-saving exit to Pak army chief Asim Munir' IPL 2025: BCCI suspends IPL 2025 amid India-Pakistan tensions Fully intact, undetonated Chinese PL-15 missile found in Hoshiarpur Our team is going. I can't say more." This situation follows recent Indian military operations in Pakistan and Pakistan-occupied Kashmir. Also Read | Operation Sindoor: Can Pakistan economically afford a protracted conflict with India as tensions escalate? Here's a reality check The defence allocation in India's budget for FY2026 is set at Rs 6.81 lakh crore, with Rs 1.8 lakh crore designated for capital expenditure. Heightened tensions persist after India conducted strategic missile strikes on May 6-7, neutralising nine terrorist installations across Pakistan and Pakistan-occupied Kashmir. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like BenderFX: Trading Robots for Metatrader 4 | Expert Advisors BenderFX Read More Undo During an all-party conference on May 8, Defence Minister Rajnath Singh acknowledged Operation Sindoor's success, confirming the elimination of approximately 100 terrorists. He maintained discretion regarding additional operational specifics. Pakistan launched an offensive on Thursday evening, deploying loitering munitions against strategic locations in Jammu and Kashmir. Indian forces countered by deploying air defence systems to neutralise the incoming threats. The situation intensified as Indian air defence systems engaged Pakistani drones across Jammu and Kashmir regions, resulting in multiple explosions. Authorities implemented complete blackouts in several districts, including Bikaner, Rajasthan, and Jalandhar, Punjab, whilst emergency sirens prompted residents to seek shelter. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
India Today
09-05-2025
- Business
- India Today
HAL, BEL, Bharat Dynamics: Defence stocks rally up to 7% amid Indo-Pak tensions
Escalating tensions with Pakistan have sparked a sharp rally in defence stocks, with investors rushing to price in a potential surge in demand for defence equipment and systems. Shares of Hindustan Aeronautics (HAL), Bharat Dynamics (BDL), Bharat Electronics Ltd (BEL), and Paras Defence jumped between 2 and 7% in Friday's trade, outperforming a jittery broader market shaken by geopolitical surge follows India's precision missile strikes on nine identified terror hubs in Pakistan and Pakistan-occupied Kashmir (PoK), carried out in retaliation for the Pahalgam terror attack that killed 26 civilians. As tensions escalated between India and Pakistan, shares of defence companies such as Bharat Forge, Paras Defence, BEL and HAL were among the top movers on the BSE, with strong interest also seen in Mazagon Dock Shipbuilders, Cochin Shipyard, BEML, and Data rally comes amid reports that the Modi government has called top defence manufacturers to Delhi next week, possibly to discuss scaling up production readiness. 'We've been called to Delhi next week. Our team is going. I can't say more,' Bharat Forge Chairman and MD Baba Kalyani told CNBC-TV18, fuelling further speculation around a rapid push for defence have already been bullish on the sector. Nuvama recently projected a $130 billion defence opportunity over the next five years, with the Air Force and Navy accounting for the bulk of upcoming LCA Tejas and Sukhoi upgrade programs, BDL's missile systems including Akash and Astra, and BEL's radar and electronic warfare offerings are expected to see renewed government orders as part of India's ongoing military modernisation Indian defence budget for FY26 stands at Rs 6.81 lakh crore, with Rs 1.8 lakh crore earmarked for capital expenditure. With fresh tensions on the border and cross-border strikes back in the spotlight, investors appear confident that these budget allocations may be revised upward or tensions remain high across the Line of Control. Pakistan retaliated with missile and drone attacks late Thursday, prompting India to activate its air defence systems. Explosions were reported in parts of Jammu and Kashmir as drones were intercepted mid-air. Sirens and blackouts were imposed in border towns across Punjab and Rajasthan as civilians scrambled for reactions have been cautious. US Vice President JD Vance ruled out direct involvement, saying Washington would not intervene in 'a war that's fundamentally none of our business,' but urged both nations to pursue The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)
Zawya
20-02-2025
- Business
- Zawya
Kalyani Strategic Systems Ltd and AM General sign landmark letter of intent for supply of cannons to the U.S.
Abu Dhabi, UAE: Kalyani Strategic Systems Ltd (KSSL), a 100% subsidiary of Bharat Forge Ltd, India, and AM General, USA, have signed a Letter of Intent (LOI) at IDEX 2025 for the supply of made in India advanced artillery cannons to the United States. This marks the first-ever supply of cannons from an Indian defence manufacturer to the United States, a testament to the strengthening bilateral defence cooperation between the two nations. Building upon its extensive expertise in artillery systems and its prior collaboration with AM General, KSSL continues to establish itself as a key player in the global defence industry. The company had recently entered an agreement with AM General to co-develop a wide range of next-generation artillery solutions, including mounted, towed, and ultra-light gun systems in both 105mm and 155mm calibers. Speaking on the sidelines of the ongoing IDEX in Abu Dhabi, Mr. Baba Kalyani, Chairman & Managing Director, Bharat Forge Ltd. said, 'Supply of made in India critical defence systems to the United States is pathbreaking! We at KSSL are proud to be the first Indian company to supply cannons to U.S. It is a testament to our capabilities and a major advancement in our mission to be a world leading Artillery Solutions provider. This agreement underscores the trust and confidence that global defence leaders, such as AM General, place in our capabilities. It also reinforces our commitment to delivering cutting-edge, battle-proven solutions to meet modern warfare requirements.' AM General, a global leader in military vehicle platforms, has been actively exploring next-generation artillery solutions. The company's prior collaboration with KSSL on artillery platforms has paved the way for this deeper engagement. John Chadbourne, Executive Vice President, AM General, shares, 'This Letter of Intent with KSSL represents an important step in expanding our strategic partnership. Given KSSL's proven artillery capabilities and our shared commitment to technological innovation, we see tremendous potential in bringing advanced artillery solutions to the U.S. defence forces. AM General and Mandus are looking forward to exploring this collaboration with Kalyani Group to ultimately deliver Advance Mobile Artillery Capabilities.' This initiative also comes after India-U.S. bilateral defence meeting, reaffirming the growing strategic partnership between the two nations and their joint efforts in strengthening defence industrial cooperation. It also underscores India's growing defence manufacturing footprint and its emergence as a trusted supplier of advanced weaponry to global markets. About Kalyani Strategic Systems Limited: KSSL (a wholly owned subsidiary of Bharat Forge Limited), a pioneer in the Indian defence industry with a strong research-and-development focus, has developed a number of indigenous weapon platforms, off- road protected mobility solutions and high-technology military products. It is already exporting its in-house designed and developed artillery systems, munitions, and mobility solutions globally. About Bharat Forge Bharat Forge Limited (BFL), a Pune-based Indian multinational, is a technology driven global leader in providing high performance, innovative safety critical components and solutions for several sectors including automotive, power, oil and gas, construction & mining, rail, marine, defence and aerospace. BFL has global manufacturing footprint with presence across five countries, with the largest repository of metallurgical knowledge and offers full service supply capability to its geographically dispersed marquee customers from concept to product design, engineering, manufacturing, testing and validation. AM General AM General , manufactures, and supports specialized vehicles for military and commercial customers. With a well-rounded product portfolio, which includes the iconic HUMVEE vehicles, Joint Light Tactical Vehicle A2 (JLTV A2), the next-generation HUMVEE Saber light tactical truck that has enhanced levels of protection, and the revolutionary soft recoil technology for mobile platforms, AM General strives to offer continuous improvement that is mission ready and future driven. Mandus Group LLC is well known industry leaders in Artillery Solutions, Logistic, Support and repair, who holds the IP of highly innovative and unique advanced recoil technology and are leading developer of revolutionary Soft Recoil Based mobile weapon platform. Mandus group Mandus LLc is well known industry leaders in artillery solutions, logistics, support and repair, who holds the IP of highly innovative and unique advanced recoil technology and leading developer of revolutionary soft recoil based weapon systems
