HAL, BEL, BDL, Paras Defence, Zen, Cochin Shipyard, GRSE: Is it time to cash in on the defence stock rally?

Defence shares on Dalal Street continued their relentless march on May 19, the seventh straight day of gains as investor confidence remained strong. Leaders such as Mazagon Dock Shipbuilders, Bharat Electronics Limited (BEL), and Bharat Dynamics reached new all-time highs as hopes of higher defence spending by the government and improved quarterly numbers fueled them. Defence index gains 24% in seven sessions The Nifty Defence index jumped almost 3 per cent on Monday to a high of 8,555, marking an extension of its great run that has now yielded a total 24 per cent return since the early weeks of May. Such sudden momentum is a vote of confidence in…

Bengaluru Weather Update: IMD issues yellow alert till May 22; several districts on high alert, here’s 7-day update

The Indian Meteorological Department (IMD) has issued a yellow alert in Karnataka till Thursday (May 22). Several districts, including Bengaluru, have been put on high alert. According to the weather office, coastal and south interior Karnataka are expected to see extremely heavy rainfall today, May 19. It further stated that between 3 PM to 1…

Heavy rain lashes parts of Mandi District in Himachal Pradesh, IMD predicts light to moderate rain in Mumbai

Heavy Rain lashes parts of Mandi District in Himachal Pradesh, IMD predicts light to moderate rain in Mumbai Heavy rain accompanied by thunderstorms has hit several parts of Mandi district in Himachal Pradesh, disrupting the region. The IMD has issued alerts for several districts in Himachal Pradesh, warning of heavy to very heavy rainfall accompanied…