Background: Experts said companies catering to the defence space may gain due to sentimental impact but the actual impact on financials will be known if this initiative translates into order flows. The three most sought after stocks for defence are BEL, Bharat Forge NSE 3.41 % and L&T. All three have a pipeline and they are the most potential players who can benefit from. (Source: ET)
Technical Analysis As per technical analysis, LT, moving along with the rising trend line, and with this positive news, the stock has broken the resistance of ascending triangle pattern and that has been supported by the rise in volume levels.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.