Defence Company Shares Rise 9% Despite 56% Profit Drop in Q2
Shares of a defence company with an order book of ₹2,698 crore rose by 9%, even though its profit fell by 56% in the second quarter. Brokerage Jefferies remains bullish, expecting a 38% rise and maintaining a BUY rating with a 30% upside target. Nuvama gave a Hold rating. Defence and aerospace stocks rose about 7% overall.
The Economic Times Hindi·



