The Bharat Electronics’ (BEL) stock has not been quite rewarding for its investors in the past year (down 33 per cent), but same is the case with Hindustan Aeronautics (HAL) and Bharat Dynamics (BDL), which have seen 40 per cent and 31 per cent price erosion in the same period.
Interestingly, despite being the talked-about listings of 2018 in the defence sector, the latter two are yet to catch the fancy of investors. BEL, on the other hand, seems popular with foreign investors who have raised their holding stake in the public sector defence equipment maker to 7.5 per cent as on March ...
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