Defence PSU Stocks To Buy: Analysts suggest buying HAL, Bharat Dynamics for positional traders

Brokerage firms are recommending positional traders to consider buying shares of Bharat Dynamics and Hindustan Aeronautics, as both stocks are breaking out of consolidation patterns on the technical charts. These stocks can generate huge profits in the next 0-15 days.

Axis Direct has recommended buying Bharat Dynamics shares for a period of 15 days. The stock is currently priced around Rs 1227 with a suggested buying range of Rs 1216 to Rs 1228.

If the stock experiences an uptrend, traders can target Rs 1,357, with a stop loss at Rs 1,185 in case of a downturn. 

The 52-week high for Bharat Dynamics is Rs 1,794.70, which also represents its all-time high, while its 52-week low is Rs 681. 

Historically, the stock has provided positive returns in December in 4 out of the last 7 years, with an average return of 20 per cent.

Mirae Asset Sharekhan has recommended buying Hindustan Aeronautics for positional traders. The stock is currently priced around Rs 4685, with an ideal buying range of Rs 4635-4665. 

Traders can target Rs 4,850 to Rs 5,000 while maintaining a stop loss at Rs 4,500. 

The 52-week high for Hindustan Aeronautics is Rs 5,675, also its all-time high, and the low is Rs 2,584.05. 

Similar to Bharat Dynamics, Hindustan Aeronautics has posted positive returns in December in 4 out of the last 7 years, with an average return of 7 per cent.

In Thursday's session (December 12), the BSE Sensex ended 213 points lower (0.14%) at 81,291.52, while the Nifty50 declined 87 points (0.35%) to close at 24,554.85.