Thanks to Mr Basu Mallick who initiated this thread in May 2022. After going through his first introductory post which was an inspiration for me to start my investment journey in Defence stocks.
Those starting points of Basu mallick in 2022 are stilll valid today and if we see the financial performance of defence companies, the Govt seems to have walked the talk -the FDI automatic route, defence acquisition council, Atma nirbhar Bharat, Exports potential to name a few- all are playing out very well…And it is not only the PSU defence companies - even the Pvt corporates both Large and MSME’s engaged in defence sector are doing well.
The recent announcement of extending custom duty extension for 5 years for import of parts / components for defence equipment manufacturing for next 5 years is another incentive for increasing output of defence equipments.
And recently the govt giving a export target of 50k crore for defence sector, where we have just 1% market share in international defence market which is currently dominated by developed countries.
Apart from exports contribution from HAL & BEL, Bharat dynamics , now all 3 defence shipping companies are targetting building of commercial ships for exports which has huge potential as western countries are looking for replacing their ailing fleet with new generation ships to run on cleaner fuel like green hydrogen, Ammonia, methanol etc.
Here is a you tube presentation from equity masters on shipping stocks.Tanushree of equity masters gives a warning on Pvt shipping stocks.
Shipbuilding Stocks Alert Watchlist, Frauds and Bankruptcies
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