LT may gain after India's import embargo on 101 defence items.
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.
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.