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Defence shares: ZEN Technologies climbed 4.05 per cent to 874.80 on BSE. HAL shares rose 1.12 per cent to Rs 3,033.65. Bharat Electronics advanced 0.62 per cent to Rs 187. Mazagon Dock shares fell 0.98 per cent to Rs 2,268.10.
IRFC shares surged 68 per cent in January so far. Rail Vikas Nigam Ltd (RVNL) is up 63 per cent while Ircon International Ltd gained 36 per cent during the same period.
ICICIdirect, which forecast Nifty to hit 21,500 level in the next 12 months, sees half a dozen stocks namely Century Plyboards Ltd, Larsen & Toubro Ltd, Coromandel International Ltd, State Bank of India Ltd, Spandana Sphoorty Financial Ltd and Bharat Dynamics Ltd (BDL), delivering at least 20 per cent returns by the next Diwali.
Defence stocks: Antique said it continues to maintain its positive stance on companies like Bharat Electronics, Bharat Dynamics, Hindustan Aeronautics, Mazagon Dock and GRSE.