Defence Stocks

Jefferies' top picks include Siemens Energy (SE), Hitachi Energy (Hitachi), Hindustan Aeronautics (HAL), Bharat Electronics (BEL), KEI Industries, and Larsen & Toubro (L&T)

The geopolitical backdrop, analysts believe, continues to provide a structural tailwind, as the conflict in the Middle East has reinforced defence budget urgency across GCCs

Bharat Dynamics shares crashed on the BSE after Q4FY26 results showed a sharp revenue decline, prompting brokerages to cut FY27 and FY28 earnings estimates

Pabitro Mukherjee of Bajaj Broking believes that Ashok Leyland, Bharat Electronics and Garden Reach Shipbuilders recently saw sideways consolidation and now offer a favourable risk-reward profile.

Nibe Limited shares rallied sharply after successful trials of the Suryastra rocket system and Vayu Astra-1 loitering munition boosted investor optimism

Hindustan Aeronautics reported a consolidated net profit of ₹4,196 crore, up 5.5 per cent from ₹3,977 crore in the corresponding quarter of the previous fiscal

MTAR Technologies reported a net profit of ₹44.3 per cent, up over 223 per cent from ₹13.7 crore in the year-ago period

Defence stocks rally on geopolitical tensions and policy push, but analysts caution that near-term upside may be priced in despite strong long-term prospects

BEML's share price was trading 3 per cent higher at ₹1,821.70, compared to the previous session's close of ₹1,768 on the NSE

MTAR Technologies stock hit a new life-time high at ₹4,848 in Wednesday's intra-day trade on the back of healthy business outlook.

JM Financial has valued Hindustan Aeronautics at around 29 times its post-COVID historical average, reflecting a strong pipeline of prospects

A key growth driver for the defence sector remains the robust pipeline of Acceptance of Necessity (AoN) approvals, which typically convert into orders over the next two to three years

Motilal Oswal Financial Services has a 'Buy' rating on Bharat Electronics, Hindustan Aeronautics, Bharat Dynamics, and Astra Microwave Products

The recent up move in Nifty Defence reflects renewed buying after a long phase of consolidation, says Om Mehra, technical analyst at SAMCO Securities. The analyst is bullish on BEL, BDL and GRSE.

The brokerage in its note highlighted that the global defence sector has entered a structurally elevated growth phase, driven by persistent geopolitical conflicts

Defence stocks are in a momentum on a day when French President Emmanuel Macron is visiting India, raising hopes that India could seal a deal to buy more fighter jets