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DeepNewz, mobile.
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Indian shares are poised to open higher following the National Democratic Alliance's (NDA) victory in the Maharashtra elections, signaling political stability and potential for increased government capital expenditure. Shares of defense companies like Bharat Electronics Limited (BEL), Hindustan Aeronautics Limited (HAL), and Mazagon Dock Shipbuilders have seen gains after JPMorgan initiated coverage with 'overweight' ratings on BEL and HAL, and a 'neutral' rating on Mazagon Dock. This positive outlook is attributed to the expected boost in government orders due to the political stability.
#MarketsWithBS | Shares of #defence and related companies have continued to trade higher for the second consecutive day following the decisive victory of #NDA in #Maharashtra The political stability is expected to bolster the GOI #capex momentum, leading to improved order… https://t.co/127io7s3cC
#MarketsWithMC | JPMorgan bets on BEL, HAL and Mazagon Dock as long-term defence plays. Here's why🎥 #Stocks #MaharashtraElections2024 #Mahayuti #StockMarket @iNandita13 https://t.co/dWnx4kX8xt
Which defense stocks are in the spotlight after JPMorgan's coverage? Hear expert takes on BEL, HAL, and Mazagon Dock, plus top investment bets on this edition of #BNSN Lens! @RheaBhatia3907 @jindalrajesh @Dhwani1105 https://t.co/5ftyeNW2j2
