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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

₹ 130.31

13.71 (11.76%)

Volume

4,99,76,207

Market Cap

₹3,574 Cr

52W Low

₹87.99

52W High

₹157.00

LTP

₹ 882.05

49.90 (6.00%)

Volume

19,75,133

Market Cap

₹7,901 Cr

52W Low

₹584.20

52W High

₹1,059.00

LTP

₹ 105.97

0.40 (0.38%)

Volume

22,63,827

Market Cap

₹2,809 Cr

52W Low

₹95.13

52W High

₹200.91

LTP

₹ 1,608.5

15.00 (0.94%)

Volume

2,92,175

Market Cap

₹10,323 Cr

52W Low

₹1,159.45

52W High

₹2,080.00

LTP

₹ 3,059.7

45.70 (1.52%)

Volume

3,64,488

Market Cap

₹12,550 Cr

52W Low

₹2,350.00

52W High

₹5,488.00

LTP

₹ 1,538

84.20 (5.79%)

Volume

1,28,97,096

Market Cap

₹53,280 Cr

52W Low

₹890.00

52W High

₹1,794.70

LTP

₹ 315.85

8.70 (2.83%)

Volume

4,42,44,945

Market Cap

₹2,30,806 Cr

52W Low

₹221.00

52W High

₹340.50

LTP

₹ 415.85

-8.45 (-1.99%)

Volume

4,200

Market Cap

₹706 Cr

52W Low

₹250.15

52W High

₹954.00

LTP

₹ 523

7.00 (1.36%)

Volume

9,800

Market Cap

₹1,005 Cr

52W Low

₹380.05

52W High

₹949.00

LTP

₹ 1,484.6

41.20 (2.85%)

Volume

32,64,692

Market Cap

₹39,052 Cr

52W Low

₹1,168.00

52W High

₹2,979.45

LTP

₹ 2,297

94.70 (4.30%)

Volume

16,63,764

Market Cap

₹12,315 Cr

52W Low

₹1,351.15

52W High

₹3,655.00

LTP

₹ 292.65

22.65 (8.39%)

Volume

25,36,436

Market Cap

₹3,011 Cr

52W Low

₹200.10

52W High

₹451.90

LTP

₹ 1,795

18.30 (1.03%)

Volume

38,22,483

Market Cap

₹20,571 Cr

52W Low

₹881.00

52W High

₹2,833.80

LTP

₹ 4,501

78.10 (1.77%)

Volume

35,34,651

Market Cap

₹2,95,562 Cr

52W Low

₹3,046.05

52W High

₹5,674.75

LTP

₹ 463.5

77.25 (20.00%)

Volume

1,15,39,436

Market Cap

₹1,667 Cr

52W Low

₹304.20

52W High

₹864.40

LTP

₹ 241.25

-4.50 (-1.83%)

Volume

2,13,516

Market Cap

₹23,205 Cr

52W Low

₹210.00

52W High

₹592.70

LTP

₹ 143.15

2.75 (1.96%)

Volume

1,25,498

Market Cap

₹1,674 Cr

52W Low

₹65.69

52W High

₹185.00

LTP

₹ 42.01

-0.86 (-2.01%)

Volume

15,597

Market Cap

₹147 Cr

52W Low

₹13.60

52W High

₹65.94

LTP

₹ 789.45

25.75 (3.37%)

Volume

91,500

Market Cap

₹1,047 Cr

52W Low

₹395.10

52W High

₹1,130.00

LTP

₹ 2,930.2

110.30 (3.91%)

Volume

97,03,048

Market Cap

₹1,13,753 Cr

52W Low

₹1,045.00

52W High

₹3,172.00

LTP

₹ 318.85

11.95 (3.89%)

Volume

15,18,303

Market Cap

₹5,737 Cr

52W Low

₹226.93

52W High

₹541.00

LTP

₹ 1,433.5

38.90 (2.79%)

Volume

2,63,248

Market Cap

₹4,295 Cr

52W Low

₹1,155.60

52W High

₹2,200.00

LTP

₹ 1,336

63.60 (5.00%)

Volume

45,700

Market Cap

₹1,819 Cr

52W Low

₹761.50

52W High

₹1,660.00

LTP

₹ 1,458.5

99.30 (7.31%)

Volume

41,48,759

Market Cap

₹5,483 Cr

52W Low

₹681.50

52W High

₹1,592.70

LTP

₹ 312.45

0.00 (0.00%)

Volume

1,891

Market Cap

₹1,168 Cr

52W Low

₹231.15

52W High

₹579.00

LTP

₹ 727.2

34.85 (5.03%)

Volume

77,684

Market Cap

₹1,542 Cr

52W Low

₹371.18

52W High

₹787.35

LTP

₹ 13,490

372.00 (2.84%)

Volume

2,19,755

Market Cap

₹1,18,581 Cr

52W Low

₹7,888.25

52W High

₹13,664.00

LTP

₹ 292.75

4.80 (1.67%)

Volume

16,214

Market Cap

₹747 Cr

52W Low

₹218.55

52W High

₹710.00

LTP

₹ 921

11.25 (1.24%)

Volume

1,13,566

Market Cap

₹4,632 Cr

52W Low

₹850.00

52W High

₹1,523.75

LTP

₹ 1,406.4

66.90 (4.99%)

Volume

4,52,670

Market Cap

₹12,698 Cr

52W Low

₹886.45

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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