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Defence stocks have experienced a notable rally, with leading companies such as Cochin Shipyard, Bharat Dynamics, and Garden Reach Shipbuilders surging up to 15% on the Bombay Stock Exchange (BSE). This surge follows comments from Defence Secretary Rajesh Kumar Singh regarding potential foreign direct investment (FDI) policy relaxation and licensing reforms aimed at boosting the sector. The rally is attributed to value buying after a recent correction in the market, with heavy trading volumes observed as investors respond positively to the news.
stocks are up
Range contraction in $VST ahead of their earnings next week. Up about 8x since the AI rally began. @MarketSurge #IBDpartner https://t.co/KnrcvqvH3M https://t.co/QUDUQu577p
đ Stock of the Day: $UPST đ $UPST (Upstart Holdings) dipped -0.65% to $86.32 but remains near a cup buy point, surging over 3x in the past year. đ° The AI-driven lending platform is gaining momentum after an earnings beat and bullish analyst upgrades, with volume up 40%âŠ
