Defence Sector

The JWALA interceptor is set to move into system-level testing in the coming months after IG Defence successfully test-fired two solid rocket motors

The ₹218-crore Koraput production line will manufacture up to 100 Shakti engines annually and cater to indigenous helicopters, including Dhruv and Prachand

Axiscade has delivered solid gains to investors amid a bullish sentiment towards the sector, having risen 54 per cent in 2026 so far, 25 per cent in a year, shows NSE data.

The Defence Research and Development Organisation (DRDO) has joined hands with CSIR-Central Glass and Ceramic Research Institute (CSIR-CGCRI) as technology partner for a Rs 50-crore project to develop indigenous advanced lightweight bulletproof glass for armoured vehicles. The four-year project, being executed with DRDO laboratories including the Naval Materials Research Laboratory (NMRL) in Maharashtra and TBRL in Chandigarh, is at an advanced stage and seeks to take the technology from laboratory development to large-scale manufacturing with an industry partner to be selected by DRDO. The technology is aimed at replacing imported transparent armour while reducing its weight and thickness by up to 50 per cent. "The Rs 50-crore project is aimed at developing advanced indigenous bulletproof glass technology for defence applications and aligns our R&D capabilities directly with national strategic requirements," CSIR-CGCRI Director Bikramjit Basu told PTI. The project is focused on ..

So far in 2026, the Nifty India Defence index has added 23 per cent, while it has grown 16 per cent in a year, according to data available on NSE.

Analysts believe private sector companies particularly have visible growth prospects north of 20% backed by government focus on domestic manufacturing and building the private sector supply chain.

The vehicle-launched drone has a range of 1,000 km, endurance of up to eight hours and a 50 kg payload capacity, and is designed for precision strikes on designated targets

Experts say announcement signals the country can both project power and offer stability amid global uncertainties

Japan plans to use drones, artificial intelligence and new methods of warfare as it adapts its defence strategies to suit changing times, according to details of an 8.9 trillion yen ($55.6 billion) budget request for the coming fiscal year disclosed by the Defence Ministry on Monday. The preliminary total is only a small increase from the 8.8 trillion yen ($55 billion) defence budget requested for this fiscal year. It will be much higher eventually, but further details will come later this year after Prime Minister Sanae Takaichi's government approves the new security and defence strategy aimed at strengthening Japan's counterstrike capability. Under its five-year defence strategy set in 2022, Japan has doubled its defence spending to about 2% of its gross domestic product to build up its Self-Defence Forces' offensive role to counter China's growing assertiveness. Beijing has criticized Japan's defence buildup as "new militarism." Japan now aims to "drastically strengthen its ...

Defence Minister Rajnath Singh on Thursday said India's domestic defence production has nearly quadrupled over the last decade to around Rs 1.80 lakh crore, while exports have surged to nearly Rs 39,000 crore, as the country moves steadily towards self-reliance in the defence sector. Singh made the remarks after laying the foundation stone of a Rs 472-crore facility for the overhaul of T-series battle tanks at the 57-year-old Vehicle Factory Jabalpur (VFJ), an ordnance unit here. "Domestic defence (arms and ammunition) production, which stood at Rs 46,000 crore in 2014, has now reached approximately Rs 1.80 lakh crore. Similarly, defence exports have increased from around Rs 1,000 crore in 2014 to nearly Rs 39,000 crore," he said. The government has set a target of achieving defence exports worth Rs 50,000 crore by 2028-29, the defence minister said. "India's defence sector has now taken firm steps towards complete self-reliance. The world's perception of India is changing, and the

The Nifty India Defence index is up 27 per cent on a year-to-date (Y-T-D) basis. It remains higher by 30 per cent in a year.

India is pushing harder to reduce defence imports, with 405 critical items now added to its sixth Positive Indigenisation List. From helicopters, tanks and missiles to radars and ammunition.

Kotak Institutional Equities said that defence companies are well-positioned to benefit from rising geopolitical tensions, accelerating modernisation programmes and an expanding export opportunity.

India's defence sector has a robust order pipeline supported by higher procurement approvals, but faster execution remains critical to convert orders into revenue and sustain growth

NATO Secretary-General Mark Rutte on Monday demanded that the allies put forward "clear, concrete and credible plans" to reach the organisation's spending targets at its annual summit in Ankara. The 32 nations agreed last year to invest 5 per cent of their gross domestic product on defence - 3.5 per cent on their defence budgets and 1.5 per cent on roads, bridges and ports so troops and equipment can move faster in times of conflict. Spain endorsed the goal but said that it could fulfill NATO's security requirements without spending so much. Some countries are still struggling to meet the alliance's old target of 2 per cent of GDP. On spending among European allies and Canada, Rutte said that "the evidence we see so far is impressive." He said that NATO estimates that they will invest a combined USD 258 billion more in defense in 2025 and this year than they have in previous years. But the numbers might not be enough to satisfy the Trump administration. President Donald Trump has .

Defence Minister Rajnath Singh on Saturday said that after Operation Sindoor, the trust in "made-in-India" defence platforms has received a boost. In his address at an event here, he also reiterated that "today, our defence production has reached over Rs 1.78 lakh crore, and about 8-9 years ago, it stood at approximately Rs 46,000 crore". The Union minister asserted that after Operation Sindoor, "trust in made-in-India defence platforms has got enhanced". Operation Sindoor was India's decisive military action conducted in May 2025 in response to the Pahalgam terror attack. Several defence platforms built in India had played a key role in it. Singh said, "Defence exports too have reached a record over Rs 38,000 crore, and in 2013-14, it stood at just Rs 686 crore, and it has grown today 57 times. And, I have not sought the full report, but, currently it should be hovering around Rs 40,000 crore, is my estimate." In his address, he also spoke of India's journey in various sectors i

Sectors to watch: As markets enter H2CY2026, analysts expect banks, defence, pharma, power, hotels and auto ancillaries to remain in focus.

Defence stocks to buy: Muthuselvaraj of Mirae Asset Sharekhan explains that Paras Defence is showing an uptrend, trading with higher top, higher bottom pattern after breaking from consolidation zone.