Home Markets These 8 valuable companies rule their sectors with a huge piece of...

These 8 valuable companies rule their sectors with a huge piece of the pie

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BCCL

Reportedly, HAL has an almost 100% market share in aerospace and defence manufacturing. The company is a dominant supplier of aircrafts, helicopters, engines, avionics and accessories as well as main provider of maintenance, repair and overhaul services to the Indian defence forces.

The company faces limited competition from the private sector due to the high capital intensity and long gestation periods for developing manufacturing capabilities in the sector, said a report by ICRA.

The market leader’s stock has rallied 58% in 2021 so far on triggers of large deal wins. Recently, the company signed a $716 million deal with GE Aviation for supply of engines. The stock’s inclusion in the futures and options segment also fueled the rally for the stock this year.

ICICIdirect has reportedly set a target price of ₹1,380 per share for the next three months. The current market price of the share is ₹1,336.60.

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