Nifty India Defence index hit a new high of 9,912.75, gaining 1% in Monday's intra-day deals. The index quoted higher for the fourth straight trading day.
Aditya Birla Real Estate, Brigade Enterprises, LG Electronics, Page Industries, Solar Industries India, and Tata Motors Passenger are among the companies reporting Q1FY27 results.
Defence production has risen 140% since FY17, while private-sector output has grown 198%, as policy reforms increasingly open strategic programmes to industry.
Q1FY27 company results: Firms including Grasim Industries, Apollo Hospitals Enterprise, Astral, Petronet LNG, Sun TV Network, and GMR Airports are also to release their April-June earnings today
Q1FY27 company results: Firms including Grasim Industries, Apollo Hospitals Enterprise, Astral, Petronet LNG, Sun TV Network, and GMR Airports are also to release their April-June earnings today
Analysts said that defence sector's long-term outlook remains constructive, supported by robust order books that provide multi-year revenue visibility.
At 12:41 PM on Thursday, the Nifty India Defence index was the top gainer among thematic indices up 2.6% at 9,641.
On the broader market outlook, Ajit Mishra, SVP-Research of Religare Broking says the Nifty remains in consolidation mode, with key support at 23,600. On the upside, bullish pivot stands at 24,600.
According to Chandan Taparia of MOFSL, option data suggests a broader trading range between 23,800 and 24,600, while the immediate range is between 24,000 and 24,400
Vinay Rajani of HDFC Securities has said that Nifty faces immediate resistance at 24,530, while 24,000 remains a key support. For trading, he has recommended buying L&T Finance and HAL stocks today.
Kotak Institutional Equities said that defence companies are well-positioned to benefit from rising geopolitical tensions, accelerating modernisation programmes and an expanding export opportunity.
Defence stocks in focus: The Defence Acquisition Council (DAC) approved capital acquisition proposals worth about ₹52,000 crore to strengthen the combat capabilities of the armed forces.
HAL delivers its 1,000th overhauled AL-31FP engine for the IAF, highlighting India's growing aero-engine MRO capability amid delays in GE F414 engine negotiations
Record defence production and exports, coupled with strong order books and improving execution, are expected to support healthy growth for defence companies in FY27
Motilal Oswal has reiterated a 'Buy' rating on BEL stock with an unchanged target price of ₹510, based on the 45x two-year forward earnings.
Stocks ideas by Ajit Mishra: The analyst from Religare Broking is bullish on Hindustan Aeronautics, Bharat Forge and Union Bank of India.
At 12:24 PM on Wednesday, the Nifty India Defence index was the top gainer among thematic indices up 2.8 per cent as against a 0.3 per cent rise in the Nifty 50.
HAL has filed a forgery and cheating case against a supplier, alleging fake test reports for components meant for the Tejas Mk1A fighter aircraft programme
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