DEFENSE PSU WINS FRESH ORDERS FOR NEXT-GEN DEFENSE SYSTEMS

Navratna defence PSU

has received additional orders worth Rs 776 crores in the last one month, thereby further strengthening it's order book for the year. These new contracts include major indigenous systems such as the counter unmanned aerial system, software defined radios, anti-drone systems, a range of communication equipment, medical electronics, gun and weapon control systems, security software, avionics, masts, as well as various components, upgrades, spares and support services. With a market cap of Rs 2.85 lakh crore, the company's stock price is currently trading with a high ROCE of 39% and ROE of 29%, making it a good investment opportunity for long term returns.