Defence Stocks Soar on Gandhi Jayanti; BEML, Rheinmetall Split Shares
Markets are abuzz with updates on the occasion of Gandhi Jayanti and Dussehra. Stock markets will remain closed on October 2, while ET Now keeps traders informed with the latest business news and stock market updates. Meanwhile, defence companies and IPOs have made headlines.
BEML, a Miniratna PSU in the defence sector, has released its Q1 results. The company's stock has formed a bullish Flag and Pole pattern on its weekly chart, indicating a potential uptrend. In other defence news, a defence company, later identified as Rheinmetall, conducted a stock market split in 2025. The split was followed by a significant rise in its shares, driven by increased defence orders starting October 2025.
The IPO scene has been active with Advance Agrolife's IPO being oversubscribed and Glottis IPO subscribed 2.05 times on the last day. In a separate development, a capital market company announced a stock market split, though it was not BSE, CDSL, or NSDL.
Union Commerce and Industry Minister Piyush Goyal has shared an update on the India-EU trade deal. Market experts have also recommended Dussehra stock picks for 2025.
Another defence company has announced a stock market split, further indicating the sector's buoyancy.
With stock markets closed on October 2, traders can look forward to ET Now for real-time updates. The defence sector and IPOs have been the talk of the town, with BEML's Q1 results, Rheinmetall's stock market split, and oversubscribed IPOs making headlines. The India-EU trade deal update and Dussehra stock picks also add to the market buzz.
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