2 Buy on April 24 to Protect Your Money With Multibagger Defence; Prabhudas Sets Target Prices, Stop Loss

On April 24, purchasing two equities related to aerospace and defense is advised as a means of protecting short-term profits. The two companies have historically returned between 100% and 400%, making them small-caps and multi-baggers in their respective industries. These two are PSU-Behemoth Midhani and MTAR Technologies.

Share Price of MTAR Technologies:
Prabhudas Lilladher’s Shiju Koothupalakkal, a technical analyst, has preferred MTAR for intraday selections. With a stop loss of Rs 1,830, the analyst has recommended buying with a target price of Rs 1,980. The secret is to hedge the projected returns by purchasing on April 24.

MTAR’s share price increased by 4.10% to Rs 1866.55 per share at the close of Tuesday’s trading session, giving it a market value of Rs 5,741.43 crore. The 52-week high and low of the stock are, respectively, Rs 2,920 and Rs 1,580 per share.

MTAR shares have dropped more than 15% on the BSE year to date, notwithstanding the most recent increase. Nonetheless, the stock has increased 7.8% in a year. The stock increased by 84% in five years.

Since its founding in 1970, MTAR has expanded into a significant organization with cutting-edge facilities and an unmatched track record of supporting India’s programs for space exploration, nuclear power for civilian use, defense, and global clean energy.

MIDHANI Stock Price: 2 Multibagger Protection To Protect Your Funds, Purchase On April 24; PL Suggested
Koothupalakkal indicates that purchasing this defense PSU on April 24 is likewise advised. With a stop loss of Rs 426 per share, the analyst suggests a target price of Rs 464 per share.

With a market value of Rs 8,174.58 crore, Mishra Dhatu Nigam Ltd. (MIDHANI) shares were trading at Rs 436.35 each on the BSE, up 4.63% from April 23. The 52-week high and low of the stock are, respectively, Rs 547.45 and Rs 189.50.

The stock is up 5% year to date. However, Midhani becomes a multi-bagger, with gains of an astounding 127% in only a year. The 226% increase over a 5-year period is considerably more substantial. To date, the stock has returned a maximum of 383.49% at all times.

Located in Hyderabad, Telangana, India, Mishra Dhatu Nigam Limited, often known by its abbreviation MIDHANI, is a specialist metals and metal alloys production plant. Under the administrative jurisdiction of the Department of Defense Production, Ministry of Defense, Government of India, it is a Public Sector Undertaking (PSU).

Prospects for the Defense Sector: By 2026, India is expected to export equipment valued at US$ 15 billion, having spent the third most on defense globally as of 2021, according to IBEF statistics.

India’s military is among the best in the world, and the Indian government views India as strategically significant. Navy vessels and surface combatants, missiles and missile defense systems, and military fixed wings are the main three market categories in India’s defence industry. The other well-known sectors were military ground vehicles, electronic warfare, artillery, submarines, tactical communications, and helicopters.