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  5. Mazagon Dock, BEML, Garden Reach, HAL, Cochin Shipyard: How defence stocks performed on Dec 11

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Mazagon Dock, BEML, Garden Reach, HAL, Cochin Shipyard: How defence stocks performed on Dec 11

Upstox
By Upstox News Desk

2 min read | Updated on December 11, 2024, 15:51 IST

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SUMMARY

Defence stocks: BEML shares climbed 2.34% to settle at ₹4,465 apiece on the NSE after the company secured an order from the Ministry of Defence for a 50-tonne trailer worth ₹83.51 crore.

Stock list

MAZDOCK
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BEML
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HAL
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GRSE
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COCHINSHIP
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Shares of Cochin Shipyard ended 0.34% lower to ₹1,627.90 apiece on the NSE.

Shares of Cochin Shipyard ended 0.34% lower to ₹1,627.90 apiece on the NSE.

Defence stocks: Shares of companies in the defence sector showed varied trends on Wednesday, December 11. Stocks of BEML, Bharat Dynamics, and Mazagon Dock Shipbuilders traded in the green.

On the other hand, Cochin Shipyard, Hindustan Aeronautics Ltd (HAL) and Garden Reach Shipbuilders & Engineers shares were down.

BEML share price

Shares of BEML climbed 2.34% to settle at ₹4,465 apiece on the NSE after the company secured an order from the Ministry of Defence for a 50-tonne trailer worth ₹83.51 crore.

The heavy-duty Trailer is precisely designed for transporting battle tanks and features 12 twin wheels for durability and stability in challenging terrain, the company said.

"We are proud to have the order and believe in our capacity to build indigenised products at scale. This contract is a testament to our growing role in supporting the defence sector, and we look forward to expanding our contributions even further," BEML Chairman Shantanu Roy said.

Cochin Shipyard share price

Shares of Cochin Shipyard, a Miniratna company, ended 0.34% lower to ₹1,627.90 apiece on the NSE. Intraday, the stock rose 1.21%.

The market capitalisation stands at ₹43,354.40 crore.

In Depth | Garden Reach vs Cochin Shipyard: A deep dive into financials and stock performance of these defence PSUs

Garden Reach share price

The stock of Garden Reach Shipbuilders and Engineers was down 1.16% to ₹1,731 apiece on the NSE.

Last week, the state-run company signed a contract for the construction and delivery of the second ship in a series of four additional 7500 DWT Multi-Purpose Vessels (MPV) on December 4 in Hamburg, Germany.

HAL share price

Hindustan Aeronitics Ltd shares closed 0.48% higher at 4,650, on the NSE.

The market capitalisation of aerospace and denfence company stood at ₹3,10,980.38 crore.

Mazagon Dock share price

Mazagon Dock shares climbed 0.97% to ₹4,921 per share on the NSE. Its market capitalisation stood at ₹99,251.65 crore.

Intraday, it rose up to 1.81%.

BEL share price

Shares of Bharat Electronics Limited (BEL) closed 0.32% lower at ₹313.8 apiece.

On Monday, the PSU announced that it had secured additional orders worth ₹634 crores for maintenance of the Akash Missile System, jammers, electronic voting machines and spares.

About The Author

Upstox
Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.

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