Buy These 2 Stocks Including Hindustan Aeronautics Limited, Great Opportunity To Earn

Buy SJVN Share

Shares of public sector company SJVN were trading 6 per cent higher on August 14. The company recently announced its June quarter results. The company has performed tremendously in the quarter. SJVN's net profit grew 31 per cent year-on-year to Rs 357 crore in the June quarter.

The company's total revenue grew 29 per cent to Rs 958.47 crore during the quarter. SJVN's total expenditure in the June quarter stood at Rs 476.39 crore as against Rs 362.60 crore in the same quarter last year. On Monday (August 19, 2024), the stock was trading at Rs 142, down 1.02%.

On Friday, August 16, 2024, SJVN stock closed at Rs 143, up 0.61 per cent. Apart from the June quarter results, the board of directors of SJVN company has approved several decisions. The board of directors of the company has approved the securitization of Nathpa Jakari Hydro Power Station. In addition, SJVN has approved reducing its stake in its subsidiary SJVN Green Energy Limited.

Sushil Sharma is currently the Chairman and Managing Director of SJVN Company. In the last one year, the shares of SJVN Company have earned 150% profit to its investors. In comparison, the benchmark Nifty index has climbed 25 per cent. In 2024, SJVN stock has earned a return of over 54% to its investors

Buy Paras Defence Share 

Shares of Paras Defense and Space Technology Company are trading with gains. The stock recently touched its all-time high price level. The main reason for the rise in the shares of Paras Defense and Space Technology Company is that the company has recently received a big order of Rs 305 crore. Controp-Paras Technologies Private Limited is a subsidiary of Paras Defense and Space Technology Company, which has received an order from Larsen & Toubro..

Paras Defence and Space Technology stock is up 60% in 2024. In the last one year, the shares of the company have given a negative return of 13.40% to its investors. Paras Defence and Space Technology stock closed 5.00 per cent higher at Rs 1,208.35 on Friday, August 16, 2024. On Monday (August 19, 2024), the stock was trading 4.92% higher at Rs 1,268.

Paras Defence Company said that its subsidiary Controp-Paras Technologies Private Limited has received an order worth Rs 305 crore from Larsen & Toubro Limited. Under this order, the company has been entrusted with the responsibility of producing and supplying 244 units of Site-25 HD Electro-Optics. The company also intends to provide an extended warranty charger and integrated logistics support package. The company has been given 47 months to fulfil the order.

Paras Defense is a private sector company. The company is primarily in the business of manufacturing products and solutions related to defense and space engineering. The company focuses on defense and space optics and defense manufacturing. Paras Defense and Space Technology focuses primarily on electronics, heavy engineering, electromagnetic and pulse protection solutions.

Buy HAL Share 

HAL shares are trading with gains. The government company had performed brilliantly in the June quarter. This has led to a rise in the company's shares. HAL's consolidated net profit rose 77 per cent year-on-year to Rs 1,437 crore in the June quarter..

In the same quarter of the previous financial year, the company had earned a consolidated net profit of Rs 814 crore. On Friday, August 16, 2024, HAL stock closed 2.07 per cent higher at Rs 4,758. On Monday (August 19, 2024), the stock was trading 0.49% higher at Rs 4,835.

Hindustan Aeronautics Limited had collected operating revenue of Rs 4,347 crore in the June quarter, up 11 per cent. The company had collected Rs 3,915 crore in the same quarter last year. Hindustan Aeronautics Limited reported a 13 per cent year-on-year increase in its EBITDA to Rs 994 crore in the June 2024 quarter. HAL's EBITDA was recorded at Rs 880 crore in the June quarter last year.

HAL's EBITDA margin increased by 39 bps to 22.9 per cent in the June 2024 quarter. After the better results of the June quarter, experts of Jefferies firm have issued a BUY rating on HAL's stock. According to experts, the stock can go up to Rs 5725 in the coming days. CLSA brokerage firm had set a target price of Rs 4,731 per share for the shares of Hindustan Aeronautics Limited Company

HAL was performing well in the June 2024 quarter. The company's order pipeline is also strong. Experts say that due to large orders, HAL company can get more profit in the second quarter. Antique Broking Firm has advised to buy shares of Hindustan Aeronautics Limited Company. The company's order book is strong and it has several major orders pending, including fighter jets and helicopters..

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