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With policy ammunition, defence stocks continue to yield strong returns

Most sector PSUs ended FY23 with strong order books

rafale, IAF, fighter jet, defence
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Devangshu Datta

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A spate of recent orders under the Indigenously Designed Developed and Manufactured (IDDM) category have led to investor focus on defence stocks. Actually, the defence index has been an outperformer for a long while with public sector undertakings (PSUs) like Hindustan Aeronautics (HAL), Bharat Electronics (BEL), Bharat Dynamics (BDL), Garden Reach Shipbuilders Engineers (GRSE), Cochin Shipyard and Goa Shipyard being beneficiaries of the policy.

One of the primary gainers from this set of orders is likely to be BEL with direct orders of Rs 11,830 crore. That will be followed by consequential benefits from Akash 3rd and 4th regiments and

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First Published: Mar 31 2023 | 8:49 PM IST

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