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Defence Stocks

India's defence sector is robust, encompassing segments like military vehicles, missiles, naval vessels, and more. With a significant increase in budget allocations and exports, the sector anticipates substantial growth. Considerations before investing include government support, geopolitical stability, technological advancements, contracts, global trade, and regulatory compliance. Angel One facilitates investing in defence stocks, with top companies like Hindustan Aeronautics Ltd and Bharat Dynamics Ltd leading in market cap. Evaluate companies based on product demand, competition, government support, compliance, and financial health. Taneja Aerospace and Aviation Limited stand out with an impressive 5-year CAGR of 67.41%. Read More
Company
LTP
Volume
Market Cap
52W Low
52W High

LTP

₹ 273.55

10.76 (4.09%)

Volume

1,25,50,564

Market Cap

₹8,759 Cr

52W Low

₹87.99

52W High

₹275.80

LTP

₹ 1,039.1

15.05 (1.47%)

Volume

65,219

Market Cap

₹9,726 Cr

52W Low

₹584.20

52W High

₹1,195.90

LTP

₹ 151

1.24 (0.83%)

Volume

3,11,146

Market Cap

₹3,967 Cr

52W Low

₹95.13

52W High

₹191.02

LTP

₹ 1,288.6

42.80 (3.44%)

Volume

12,221

Market Cap

₹5,288 Cr

52W Low

₹420.90

52W High

₹1,506.50

LTP

₹ 1,539

9.00 (0.59%)

Volume

33,985

Market Cap

₹9,880 Cr

52W Low

₹1,159.45

52W High

₹1,929.80

LTP

₹ 3,886.8

47.40 (1.23%)

Volume

48,307

Market Cap

₹16,015 Cr

52W Low

₹2,350.00

52W High

₹4,874.80

LTP

₹ 1,446.4

10.70 (0.75%)

Volume

2,12,916

Market Cap

₹52,649 Cr

52W Low

₹890.00

52W High

₹2,096.60

LTP

₹ 371.85

2.45 (0.66%)

Volume

21,77,404

Market Cap

₹2,69,914 Cr

52W Low

₹240.25

52W High

₹436.00

LTP

₹ 851.5

-19.75 (-2.27%)

Volume

10,800

Market Cap

₹1,450 Cr

52W Low

₹250.15

52W High

₹954.00

LTP

₹ 639

5.65 (0.89%)

Volume

2,800

Market Cap

₹1,328 Cr

52W Low

₹392.00

52W High

₹777.15

LTP

₹ 1,629.7

21.50 (1.34%)

Volume

1,01,137

Market Cap

₹42,323 Cr

52W Low

₹1,180.20

52W High

₹2,545.00

LTP

₹ 2,443

40.20 (1.67%)

Volume

18,065

Market Cap

₹13,448 Cr

52W Low

₹1,351.15

52W High

₹3,268.80

LTP

₹ 264

2.00 (0.76%)

Volume

1,11,697

Market Cap

₹2,919 Cr

52W Low

₹200.10

52W High

₹393.00

LTP

₹ 2,420.6

68.90 (2.93%)

Volume

2,23,980

Market Cap

₹26,966 Cr

52W Low

₹1,184.90

52W High

₹3,538.40

LTP

₹ 675

7.85 (1.18%)

Volume

1,377

Market Cap

₹598 Cr

52W Low

₹420.05

52W High

₹830.35

LTP

₹ 4,357

24.40 (0.56%)

Volume

1,90,350

Market Cap

₹2,89,837 Cr

52W Low

₹3,046.05

52W High

₹5,165.00

LTP

₹ 493.75

6.10 (1.25%)

Volume

1,19,640

Market Cap

₹2,109 Cr

52W Low

₹304.20

52W High

₹730.10

LTP

₹ 285.85

1.70 (0.60%)

Volume

36,877

Market Cap

₹27,352 Cr

52W Low

₹210.00

52W High

₹592.70

LTP

₹ 151.2

4.00 (2.72%)

Volume

14,409

Market Cap

₹1,801 Cr

52W Low

₹81.25

52W High

₹185.00

LTP

₹ 67.25

3.20 (5.00%)

Volume

6,583

Market Cap

₹223 Cr

52W Low

₹33.55

52W High

₹71.17

LTP

₹ 775

1.90 (0.25%)

Volume

6,250

Market Cap

₹1,060 Cr

52W Low

₹503.00

52W High

₹1,027.50

LTP

₹ 2,619

15.90 (0.61%)

Volume

4,17,531

Market Cap

₹1,05,119 Cr

52W Low

₹1,918.05

52W High

₹3,775.00

LTP

₹ 369.65

8.40 (2.33%)

Volume

58,515

Market Cap

₹6,761 Cr

52W Low

₹226.93

52W High

₹469.00

LTP

₹ 1,425.2

29.20 (2.09%)

Volume

10,821

Market Cap

₹4,294 Cr

52W Low

₹1,155.60

52W High

₹1,860.00

LTP

₹ 1,208.3

18.70 (1.57%)

Volume

3,795

Market Cap

₹1,725 Cr

52W Low

₹761.50

52W High

₹2,001.00

LTP

₹ 7.52

0.35 (4.88%)

Volume

2

Market Cap

₹1 Cr

52W Low

₹1.51

52W High

₹7.52

LTP

₹ 653.95

5.25 (0.81%)

Volume

86,496

Market Cap

₹5,225 Cr

52W Low

₹404.70

52W High

₹972.50

LTP

₹ 702.75

30.90 (4.60%)

Volume

1,09,578

Market Cap

₹2,525 Cr

52W Low

₹231.15

52W High

₹735.00

LTP

₹ 388.85

7.60 (1.99%)

Volume

300

Market Cap

₹61 Cr

52W Low

₹16.73

52W High

₹388.85

LTP

₹ 1,152.2

7.55 (0.66%)

Volume

5,893

Market Cap

₹2,427 Cr

52W Low

₹399.96

52W High

₹1,624.95

LTP

₹ 13,929

134.00 (0.97%)

Volume

9,997

Market Cap

₹1,24,807 Cr

52W Low

₹8,482.50

52W High

₹17,820.00

LTP

₹ 395.9

0.55 (0.14%)

Volume

3,555

Market Cap

₹1,008 Cr

52W Low

₹218.55

52W High

₹585.05

LTP

₹ 1,050

2.90 (0.28%)

Volume

3,902

Market Cap

₹5,313 Cr

52W Low

₹850.00

52W High

₹1,523.75

LTP

₹ 1,484.9

25.30 (1.73%)

Volume

60,091

Market Cap

₹13,175 Cr

52W Low

₹945.35

52W High

₹2,627.00

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About the Defence Sector

India has one of the strongest military forces globally. The three primary market segments of the Indian defence sector are military fixed wing, missiles and missile defence systems and naval vessels and surface combatants. There are other popular segments as well, including military land vehicles, submarines, military rotorcraft, tactical communications, artillery and electronic warfare.

In the Union Budget 2023-24, the capital allocations with respect to modernisation and infrastructure development of the defence services have been raised to ₹1,62,600 crore, which is an increase of 6.7% compared to the previous year. Since 2017, defence exports from India have grown by 334%, and the country exports to more than 75 countries in the world.

Future Outlook of the Defence Sector in India

The Ministry of Defence has set a target of achieving a turnover of US $26 billion in aerospace and defence manufacturing by 2025, including US$ 5 billion in exports. As of 2021, India has the world’s third-largest defence expenditure and anticipates exporting equipment worth US$ 15 billion by 2026. The Indian Government is open to private sector participation in defence manufacturing.

Things To Consider Before Investing in the Defence Sector

  • Government support: Understand government policies and budgets allocated for the defence sector, as they directly impact the sector. Increased defence spending can benefit companies in the industry.
  • Geopolitical stability: This is one of the important factors that influences defence contracts and international partnerships. Monitor geopolitical events that may affect the defence sector’s performance.
  • Technological advancements: Evaluate the technological capabilities of defence companies. Innovation and technological advancements can enhance a company’s competitive position.
  • Contracts: Assess the existing and potential contract pipeline for defence companies. Long-term contracts provide stability and revenue visibility.
  • Global trade: Examine trends in global arms trade and defence collaboration. Companies engaged in international partnerships may have broader market access.
  • Regulatory compliance: The defence sector is subject to stringent regulations. Ensure that companies comply with legal and ethical standards to mitigate regulatory risks.

How To Invest in Defence Stocks?

Investing in defence stocks via Angel One is easy. Simply follow these steps:

  • Log in to your Angel One account.
  • Click on the search icon and look for your desired defence stock.
  • Now, place your buy order. Simply click on the ‘Buy’ button, enter your desired quantity, and select the order type.
  • To complete your transaction, click on the ‘Buy’ button.

If you don’t have a Demat account with Angel One, you can open one for free online within minutes.

FAQs

What are defence sector stocks?

Defence sector stocks are stocks of companies that are involved in the manufacture and supply of defence equipment, technology, and services.

Which are the top stocks from the defence sector in terms of market cap?

Based on the market cap, Hindustan Aeronautics Ltd, Bharat Dynamics Ltd, Data Patterns (India) Ltd, and Paras Defence and Space Technologies Ltd are the top defence stocks in India. The data is as of February 02, 2024.

How do you evaluate defence sector stocks?

While analysing the defence stocks, you must check a company’s products and their domestic and global demand, competition, government support, regulatory compliance and financial health.

Why should you invest in defence stocks?

You can consider investing in defence stocks in India because of their constant demand, government support, and extended contractual commitments. This can create potential opportunities for companies and investors. However, consider your investment objectives and risk appetite before investing.

Which are the best defence stocks to invest in?

Taneja Aerospace and Aviation Limited is the best defence stock in India. As of February 02, 2024, the company’s 5-year CAGR is 67.41%.

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