Goldman Sachs highlighted three major tailwinds for the sector, including an 18 per cent Y-o-Y increase in capital procurement in the Union defence budget for FY27, and the proposed India-EU FTA
Azad Engineering shares rose after the company announced that the company has entered into a master term agreement and purchase agreement with Pratt & Whitney (P&W) Canada.
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Among individual stocks, Solar Industries, Bharat Electronics, Data Patterns and PTC Industries are Goldman Sachs' top buy ideas, while Bharat Dynamics has been rated Sell'.
At 12:00 noon, Azad Engineering share price was trading 1.16 per cent higher at ₹1,575 per share. In comparison, BSE Sensex was trading flat at 80,437.14 levels.
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