Indian defence PSUs: Q2 results and a technical view on GRSE, HAL and BDL
GRSE and HAL reported higher net profit, while BDL's fell 15%. A Bonanza analyst reviewed technical levels for the three defence PSU stocks.
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what happened
According to Moody's, shares of Indian defence state firms GRSE, HAL and BDL all closed lower on Friday, November 13, 2026. GRSE's net profit for the second quarter of fiscal 2026-27 rose 12% to Rs.172 crore, HAL's climbed 16% to Rs.1,936 crore, while BDL's net profit fell 15% to Rs.180 crore.
HAL's revenue from operations grew nearly 15%, but its operating profitability stayed subdued. BDL's absolute EBITDA dropped 46%, even as its net revenue rose 45%. A technical analyst at Bonanza said GRSE's chart is forming a base reversal from lows near Rs.1,850, HAL is consolidating in a broad range, and BDL is in a sustained downtrend.
why it matters
For markets, these are results from three companies in one sector, so they show how investors weigh earnings growth against chart signals. Divergent profit trends and technical patterns often lead to different share price reactions.
tags
instruments
sources
- Warships, aircraft or missiles? GRSE vs HAL vs BDL: Which defence PSU wins the post-Q2 results race? Technical outlook — Moody's, 13 November 2026 at 17:19 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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