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
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
The market capitalisation stands at ₹43,354.40 crore.
Garden Reach share price
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
The market capitalisation of aerospace and denfence company stood at ₹3,10,980.38 crore.
Mazagon Dock share price
Intraday, it rose up to 1.81%.
BEL share price
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.
The article originally appeared on upstox.