Share Market Investment: Investors earned lakhs of rupees in these 3 shares, one gave returns up to 95%, know about those shares…

Share Market Investment: Some selected defense sector stocks are looking attractive for long term investment in the stock market. Antique Stock Broking has advised to buy Hindustan Aeronautics (HAL), Bharat Dynamics (BDL) and Garden Reach Shipbuilders (GRSE).

After the financial results of these companies, their outlook looks positive. In the last one year, these three defense PSU stocks have given excellent returns to investors and they are expected to rise further in the coming time.

Hindustan Aeronautics (HAL)

Antique Broking has given buy advice to HAL (Hindustan Aeronautics), however, the target price has been reduced from ₹6,145 to ₹5,902 per share. The stock closed at ₹4,087 on November 15, 2024 and is expected to rise by about 45% from current levels.

This stock has given a return of 95% in the last one year and has seen a growth of 48% so far in 2024. However, in the recent market selloff, the stock has fallen by about 8% and is 28% cheaper than its 52-week high.

Share Market Investment: Bharat Dynamics (BDL)

Antique Broking recommends Buy on Bharat Dynamics (BDL), although the target price has been reduced from ₹1,579 to ₹1,357 per share. The share closed at ₹989 on November 15, 2024. An increase of 38% can be seen from the current price.

BDL has given excellent returns of 70% in the last one year, but in the recent month it has fallen by about 15%. Antique believes that BDL is currently facing supply chain issues, but order execution is expected to pick up in the second quarter.

Apart from this, the company is working towards manufacturing important components in India itself, so that dependence on foreign suppliers can be reduced. The company has a huge backlog of ₹19,000 crore, and is also expected to increase its exports, especially Akash missiles.

Share Market Investment: Garden Reach Shipbuilders (GRSE)

Antique Broking has also given BUY rating to Garden Reach Shipbuilders and Engineers (GRSE), however, it has reduced its target price to ₹1,783 per share from ₹2,092. The stock closed at ₹1,403 on November 15, 2024, and has the potential to give returns of about 28% from current levels.

This stock has given an excellent return of 58% so far this year and has gained 75% in the last one year. Antic says GRSE's second quarter results were better than expected, and the company has the capacity to build 24 platforms.

The company's current order backlog is ₹24,228 crore, which includes major projects under execution. The company has also focused on shipbuilding and green energy platforms in the coming years, which could provide strong support to growth.