Nifty India Defence News and Updates

Name: Latest research reports of Mishra Dhatu Nigam Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Mishra Dhatu Nigam Ltd.
Rating: 5
Author: ICICI Securities Limited

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Cochin Shipyard Ltd.

16 Nov 2025

1622.40

-1.07%

Navy to commission indigenous anti-submarine warfare vessel on Nov 24

Business Standard

Anti-submarine warfare shallow-water craft 'Mahe', equipped with torpedoes, multi-functional anti-submarine rockets and advanced radars and sonars, is set to be commissioned into the Indian Navy on November 24, officials said on Sunday. The first of the eight Anti-submarine warfare shallow water craft (ASW SWC) being built by the Cochin Shipyard Limited (CSL) is named after Mahe, the historic port town in Puducherry, and symbolises India's rich maritime heritage. With her blend of firepower, stealth and mobility, the ship is designed to hunt submarines, conduct coastal patrols, and secure India's vital maritime approaches, a Navy spokesperson said. Equipped with torpedoes and anti-submarine rockets, the first of the Mahe-class ASW-SWC was delivered to the Navy on October 23. The Navy is poised to script another milestone in its indigenous shipbuilding journey with the commissioning of 'Mahe' at the Naval Dockyard in Mumbai on November 24, the spokesperson said. 'Mahe' represents t

Cochin Shipyard Ltd. is trading below all available SMAs

Mishra Dhatu Nigam Ltd.

15 Nov 2025

312.80

-2.49%

Lower dispatches impact H1; revenue guidance of INR 13/INR 20bn in 1/5 years intact

Buy: Mishra Dhatu Nigam Ltd.

Target

ICICI Securities Limited

MIDHANI’s Q2FY26 performance was disappointing. EBITDA fell 33% YoY to INR 328mn, following a 20% YoY fall in revenues to INR 2.1bn as some of the dispatches shifted to H2.

Mishra Dhatu Nigam has lost -18.78% in the last 1 Month

Bharat Dynamics Ltd.

15 Nov 2025

1483.00

-2.77%

Strong performance; guides for revenue CAGR of over 30% backed by order book

Hold: Bharat Dynamics Ltd.

Recommendation Target

ICICI Securities Limited

BDL’s Q2FY26 performance beat consensus expectation as EBITDA grew 90% YoY driven by strong sales (+114% YoY). EBITDA margin fell 180bps YoY to 16.3%, implying an adverse product mix (gross margin was lower) and potentially higher R&D expenses (other expenses were higher).

Bharat Dynamics Ltd.'s price crossed below 30Day SMA today

Hindustan Aeronautics Ltd.

14 Nov 2025

4436.30

-1.60%

Hindustan Aeronautics revamp study to be ready by March next year

Business Standard

Govt ropes in BCG to conduct study in view of firm's growing order book

Hindustan Aeronautics Ltd. is trading below all available SMAs

Data Patterns (India) Ltd.

14 Nov 2025

2888.50

-0.23%

Motilal Oswal Maintains 'Neutral' Stance On Data Patterns Despite Strong Q2 Beat Check Target Price

NDTV Profit

Data Patterns remains confident of a 20-25% revenue growth over the next two-three years, adds Motilal Oswal.

Data Patterns (India.. has an average target of 3255.00 from 2 brokers.

Paras Defence and Space Technologies Ltd.

14 Nov 2025

698.10

-1.15%

Defence stocks rally 1.38% as Paras Defence, BDL lead sector gains

Business Line

Paras Defence and Space Technologies led the rally with a 6.64% jump to 766.50, followed by Bharat Dynamics Limited (BDL), which climbed 6.26% to 1,612.90

Paras Defence and Space Technologies Ltd. is trading above its 200 day SMA of 673.5

Paras Defence shares soar 10% as Q2 net profit jumps 50% to Rs 14 crore

Economic Times | 14 Nov 2025

Mishra Dhatu Nigam Ltd.

14 Nov 2025

312.80

-2.49%

to see Rapid results content

Astra Microwave Products Ltd.

14 Nov 2025

902.80

-2.53%

Astra Microwave Bags Orders Worth Rs 240 Crore In Q2; Guides For 2x Revenue By FY28 ICICI Securities

NDTV Profit

ICICI Securities maintains 'Buy' on Astra Microwave and hikes target price - Details inside.

Astra Microwave Products Ltd. is trading below all available SMAs

Astra Microwave Products Ltd.

14 Nov 2025

902.80

-2.53%

Bags orders worth INR 2.4bn in Q2; guides for 2x revenue by FY28

Buy: Astra Microwave Products Ltd.

Target

ICICI Securities Limited

Astra Microwave’s (AMW) Q2FY26 EBITDA of INR 478mn was lower than consensus estimate. However, EBITDA margin improved YoY/QoQ to 22.3% on better product mix.

Astra Microwave has lost -20.08% in the last 6 Months

Astra Microwave Products Ltd.

14 Nov 2025

902.80

-2.53%

Astra Microwave

Buy: Astra Microwave Products Ltd.

Target

ICICI Direct

Healthy order-book & robust pipeline gives strong visibility; Increasing share of higher-margin domestic contracts to drive profitability: Consolidated order backlog of 2209 crore as of Sep-25 (2x TTM revenue) provides healthy revenue visibility. Order inflows remained strong at 320 crore during H1FY26 and management is optimistic about order inflows worth ~ 1000 crore for the remaining quarters. With a strong emphasis on improving product mix and getting orders with higher complexity, company guides revenue at ~ 1150-1200 crore in FY26E (which implies...

Astra Microwave Products Ltd. is trading below all available SMAs

Nifty India Defence PB	10.5
Nifty India Defence PE	52.4
Nifty India Defence DIV	0.5
Nifty India Defence EPS	149.0