DCX Systems is benefiting from “Make in India” initiative. Buy for TP ₹535 (49% upside)

Discussion in 'Latest Brokerage Stock Buy-Sell Reports' started by Vidhi Khanna, Jan 5, 2025.

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  1. Vidhi Khanna

    Vidhi Khanna Active Member Staff Member

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    DCX Systems is benefiting from “Make in India” initiative. Defence order below ₹2000 Cr must have Indian Co as prime contractor with 40-50% domestic source. Order book exceeds ₹3000 Cr. Major customers L&T, Lockheed Martin. Cash ₹980 Cr. TP ₹535 (49%)

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    Vidhi Khanna, Jan 5, 2025
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