The pact includes the transfer of manufacturing expertise to India and will be followed by a final contract
JM Financial has valued Hindustan Aeronautics at around 29 times its post-COVID historical average, reflecting a strong pipeline of prospects
Thus far in the month of April, Nifty India Defence index has outperformed the market by surging 8 per cent, as against 3 per cent gain in Nifty 50.
With the brake system issue resolved, the IAF will clear its grounded Tejas fleet next week, though engine shortages continue to delay the induction of 20 ready Mk-1A aircraft
Among the defence stocks, Paras Defence, Bharat Dynamics, Apollo Micro Systems, BEML, Midhani, Bharat Electronics and Astra Microwave gained between 8% and 10% in Wednesday's intra-day trade.
Thus far in the calendar year 2026, HAL has underperformed the market, by falling 18 per cent, as against 13 per cent decline in the BSE Sensex.
Cochin Shipyard, GRSE, BDL, BEML, Paras Defence, Mazagon Dock Shipbuilders and Unimech Aerospace have plunged between 40% and 51% from their respective 52-week highs.
Motilal Oswal Financial Services has a 'Buy' rating on Bharat Electronics, Hindustan Aeronautics, Bharat Dynamics, and Astra Microwave Products
The brokerage in its note highlighted that the global defence sector has entered a structurally elevated growth phase, driven by persistent geopolitical conflicts
Sun Pharma and Hindustan Aeronautics are among the top stock picks by Rajesh Bhosale of Angel One
In the past one month, the Nifty India Defence index has rallied 11 per cent, as against 4 per cent fall in the Nifty 50.
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
Among the listed companies, Hindustan Aeronautics has announced the highest interim dividend of ₹35 per share, with February 18 as the record date
At 11:15 AM on Friday; the Nifty India Defence was the sole sectoral index trading in green and up 0.08 per cent, as compared to 1 per cent decline in the Nifty 50.
HAL Share: In the December quarter, HAL posted a 30 per cent jump in year-on-year (Y-o-Y) rise in net profit for Q3FY26 to ₹1,866.68 crore, compared to ₹1,439.83 crore in Q3FY25
Ahead of the numbers, some analysts said improved order execution and easing supply chain issues were likely to aid the company's earnings
Thus far in the month of February, the Nifty India Defence index slipped 5.5 per cent, as against 1.3 per cent rise in the Nifty 50.
HAL share price fell over 8% after reports said the PSU was not shortlisted for the AMCA fighter jet programme. Here's why the stock declined
Defence stocks: Data Patterns, GRSE, Paras Defence, BEML, Mazagon Dock and BEL among others crashed up to 19% in Sunday's intra-day trade even as FM proposed 15% higher Budget spends for the sector.
Unimech Aerospace and Manufacturing, Mtar Technologies and Data Patterns rallied in the range of 5 per cent to 6 per cent on the NSE in intra-day trade.