Page 3 - Defence Sector

Why Motilal Oswal retained 'Buy' on Bharat Electronics; shares up 3%

Motilal Oswal analysts retained their 'Buy' rating on BEL with a target price of ₹490, based on 45 times September 2027 estimated earnings.

'Not on the radar': Pak Defence Min Asif denies nuclear link in Saudi pact

Pakistan Defence Minister Khawaja Asif told Geo TV that Pakistan's capabilities extend to Saudi under the pact, but later told Reuters that nuclear weapons are 'not on the radar'

BEL fires growth salvo with defence orders, new contracts boost revenues

Order wins, strong pipeline, and long-term defence projects drive optimism in Bharat Electronics, with revenue growth visibility and major contracts like QRSAM and Project Kusha ahead

HAL, BEL, BDL to gain from India's ₹4 trn defence overhaul: InCred Equities

The brokerage has assigned an 'Add' rating to HAL and BEL, with target prices of ₹6,325 and ₹459, respectively, while Bharat Dynamics, Astra Microwave, and Data Patterns remain 'Not Rated.'

MoD eases procurement for defence spares, maintenance; pvt firms get parity

New defence capital acquisition rules also expected before the end of the calendar year

Op Sindoor a reality check, certain capability gaps noticed: Defence secy

Amid rising competitive populism and economic protectionism around the world, India needs to project its hard power alongside its soft power, said Defence Secretary Rajesh Kumar Singh on Friday. Singh was speaking at the Southern Command Defence Tech 2025 seminar (STRIDE 2025) here. Addressing the gathering, Singh said the trend of increasing globalisation and free trade has been brought to a halt by geopolitical factors linked to the ongoing conflicts in the Middle East and Europe and the rise of populist leadership patterns across the globe. These trends are causing competitive populism and economic protectionism around the world, accompanied by economic fragmentation, the decline of multilateral institutions, and a growing tide of nationalism. As a result, the need to back a soft power with hard power is becoming more and more critical at a time when strategic deal-making requires you to be able to project hard power as well, said Singh. He also said there is a need to bring ..

Dassault Aviation to raise stake in Reliance Infrastructure JV to 51%

French firm to buy 2% stake for Rs 175 crore, increasing its stake in Dassault Reliance Aerospace to 51%.

Rheinmetall wants to take over shipbuilder Naval Vessels Luerssen: Report

The CEO of Rheinmetall, which aims to fill gaps through acquisitions, said earlier this month that the company was in talks with partners about investing in the naval business

Capital support for defence, aerospace sectors critical, says Ravi Kapoor

The fund is focused on aerospace & defence, along with allied areas such as space and communications, says Kapoor

Sudarshan Chakra project will need huge tri-services efforts: CDS Chauhan

The 'Sudarshan Chakra' air defence system will entail development of a robust infrastructure comprising a range of key tri-services military assets such as missiles and surveillance systems to create an impregnable strategic shield, Chief of Defence Staff Gen Anil Chauhan said on Tuesday. In an address at a conference, Gen Chauhan said a "whole of the nation" approach will be required to develop the shield. Gen Chauhan also suggested that the Sudarshan Chakra will be on the lines of Israel's Iron Dome all-weather air defence system, known as a very effective missile shield. Prime Minister Narendra Modi on August 15 announced the project to develop an indigenous air defence system to protect India's vital military and civilian installations and to deliver a decisive response to any enemy threat, a move that came amid concerns over security challenges emanating from Pakistan and China. In his first remarks on the project, the Chief of Defence Staff said the military will have to look

New Zealand to spend $1.6 bn on aircraft in defence budget doubling plan

New Zealand's government announced new military spending Thursday of 2.7 billion New Zealand dollars ($1.6 billion) to replace aging aircraft, with senior officials who unveiled the package citing rapidly growing global tensions and a deteriorating security environment. The purchase of military planes and helicopters was the first procurement announced in a government plan, disclosed April, to double defence spending from 1% to 2% of GDP in the next decade. New Zealand's military spending has trailed that of its larger partners in the Five Eyes intelligence sharing group of countries which includes the United States, Britain, Canada and Australia and the bolstered budget reflects a shift in how the remote island nation is responding to strategic competition between major powers in the Pacific Ocean. The procurement includes five MH-60R Seahawk helicopters to replace the existing maritime fleet and two Airbus A321XLR aircraft, allowing the retirement of Boeing 757s that are more th

Russia keen to join Sudarshan Chakra project: Charge d'affaires Babushkin

Russia has a "special mechanism" to confront any challenge arising out of the US slapping punitive measures against India for its procurement of Russian crude oil, Russian charge d'affaires Roman Babushkin said on Wednesday. The relations between New Delhi and Washington are on a downturn after US President Donald Trump doubled tariffs on Indian goods to a whopping 50 per cent including a 25 per cent additional duties for India's purchase of Russian crude oil. At a media briefing, Babushkin projected the rapid upswing in his country's ties with New Delhi in several critical areas and said Russia has been a "partner of choice" for India's requirement of various military platforms and hardware. The senior Russian diplomat said Russia is expected to be part of New Delhi's plans to create a new air defence system called Sudarshan Chakra, which was unveiled by Prime Minister Narendra Modi during his Independence Day speech. "We proceed from the understanding that when it comes to the ..

Analysts predict up to 38% gains in this defence PSU after Q1; do you own?

HAL posted a 4.11 per cent year-on-year (Y-o-Y) decline in net profit at ₹1,377 crore in Q1FY26, compared to ₹1,436 crore in the same quarter last year (Q1FY25).

Bharat Dynamics soars 5% after Q1; buy, sell or hold? Analysts recommend

Domestic brokerage Motilal Oswal noted that Bharat Dynamics delivered a 30 per cent Y-o-Y growth in execution during Q1FY26, aided by a strong order book and easing supply chain challenges.

This smallcap defence stock rises 4% on securing deal from DRDO; details

At 10:30 AM, Astra Microwave share price was trading 3.12 per cent higher at 978.80 per share. By comparison, BSE Sensex was trading flat at 80,702.97 levels.

Go beyond routine modernisation; prep for post-Sindoor norms: CDS to forces

CDS General Anil Chauhan urged the three services to remain prepared round-the-clock, as Operation Sindoor has ushered in new norms for national defence

Vice Admiral Sanjay Vatsayan takes charge as 47th Vice Chief of Naval Staff

Vice Admiral Sanjay Vatsayan, a gunnery and missile systems specialist, on Friday assumed charge as the new Vice Chief of the Naval Staff. Prior to assuming his new charge, Vice Admiral Vatsayan held various important operational, staff and training appointments, including at the Headquarters Integrated Defence Staff (HQ IDS), and Naval Headquarters (NHQ) in New Delhi. "Vice Admiral Sanjay Vatsayan, AVSM, NM, assumed charge as the 47th Vice Chief of Naval Staff #VCNS on 01 Aug 2025," the Navy posted on X. Commissioned into the Indian Navy on January 1, 1988, the Flag Officer is a gunnery and missile systems specialist, it said. "He held various important operational, staff and training appointments including DCIDS (Policy, Plans and Force Development) and DCIDS Ops at @HQ_IDS_India, Chief of Staff @IN_HQENC, Deputy Commandant of the National Defence Academy, Flag Officer Commanding Eastern Fleet and ACNS Policy and Plans at #NHQ," the Navy posted. He succeeds Vice Admiral Krishna

Axiscades secures ₹600 crore defence orders for indigenous platforms

Engineering solutions provider Axiscades on Wednesday said it has bagged new orders worth Rs 600 crore in defence space. The orders involve development and supply of advanced sub-systems for "some of the most sophisticated indigenous platforms" being developed by leading Defence agencies like the DRDO and the Defence PSUs, Axiscades said in a statement. The cumulative value of these orders stood at around Rs 600 crore. The orders will be executed through Axiscades' subsidiaries operating in the defence space, over the next 3 to 5 years, the company said. "Our partnerships on these critical programs reflect our core strength in high-performance radar, sonar, and signal processing electronics. We are contributing to indigenous platforms that will define the future of India's Defence preparedness," the company's Chief Technical Official (CTO) C Manikandan said. In June, Axiscades Aerospace and Technologies, one of the subsidiary companies of Axiscades, had signed an agreement with ..

India, France to collaborate on ₹61,000 cr deal for fighter engines

The ₹61,000 crore initiative seeks to develop a 120 kilonewton engine for future platforms, with French company Safran offering full technology transfer as part of the collaboration