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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

₹ 186.43

-3.03 (-1.60%)

Volume

19,73,040

Market Cap

₹5,802 Cr

52W Low

₹87.99

52W High

₹221.38

LTP

₹ 1,022.4

-29.50 (-2.80%)

Volume

3,27,450

Market Cap

₹9,983 Cr

52W Low

₹584.20

52W High

₹1,195.90

LTP

₹ 156.05

-6.15 (-3.79%)

Volume

21,98,171

Market Cap

₹4,296 Cr

52W Low

₹95.13

52W High

₹200.91

LTP

₹ 1,443

-22.20 (-1.52%)

Volume

53,649

Market Cap

₹6,267 Cr

52W Low

₹420.90

52W High

₹1,506.50

LTP

₹ 1,604.6

-6.60 (-0.41%)

Volume

91,734

Market Cap

₹10,413 Cr

52W Low

₹1,159.45

52W High

₹1,929.80

LTP

₹ 4,605

-62.40 (-1.34%)

Volume

5,31,969

Market Cap

₹19,431 Cr

52W Low

₹2,350.00

52W High

₹5,208.85

LTP

₹ 1,890

-95.20 (-4.80%)

Volume

34,61,828

Market Cap

₹72,764 Cr

52W Low

₹890.00

52W High

₹2,096.60

LTP

₹ 413.5

-4.15 (-0.99%)

Volume

1,79,14,452

Market Cap

₹3,05,403 Cr

52W Low

₹240.25

52W High

₹436.00

LTP

₹ 623.3

-12.70 (-2.00%)

Volume

27,600

Market Cap

₹1,058 Cr

52W Low

₹250.15

52W High

₹954.00

LTP

₹ 658

-6.60 (-0.99%)

Volume

44,200

Market Cap

₹1,294 Cr

52W Low

₹392.00

52W High

₹874.00

LTP

₹ 2,017.7

-18.60 (-0.91%)

Volume

7,96,413

Market Cap

₹53,588 Cr

52W Low

₹1,180.20

52W High

₹2,936.25

LTP

₹ 2,945.7

-79.60 (-2.63%)

Volume

2,18,156

Market Cap

₹16,939 Cr

52W Low

₹1,351.15

52W High

₹3,487.00

LTP

₹ 278.05

-1.85 (-0.66%)

Volume

8,36,102

Market Cap

₹3,118 Cr

52W Low

₹200.10

52W High

₹441.30

LTP

₹ 2,896.8

-84.50 (-2.83%)

Volume

11,28,794

Market Cap

₹34,124 Cr

52W Low

₹1,184.90

52W High

₹3,538.40

LTP

₹ 4,912

-95.40 (-1.91%)

Volume

13,29,784

Market Cap

₹3,34,839 Cr

52W Low

₹3,046.05

52W High

₹5,674.75

LTP

₹ 579.25

-9.45 (-1.61%)

Volume

2,37,437

Market Cap

₹2,541 Cr

52W Low

₹304.20

52W High

₹864.40

LTP

₹ 319.5

1.05 (0.33%)

Volume

1,87,181

Market Cap

₹30,633 Cr

52W Low

₹210.00

52W High

₹592.70

LTP

₹ 150.35

1.70 (1.14%)

Volume

48,752

Market Cap

₹1,819 Cr

52W Low

₹80.68

52W High

₹185.00

LTP

₹ 64.03

-1.31 (-2.00%)

Volume

4,884

Market Cap

₹224 Cr

52W Low

₹24.72

52W High

₹66.68

LTP

₹ 902.3

-11.00 (-1.20%)

Volume

45,000

Market Cap

₹1,252 Cr

52W Low

₹503.00

52W High

₹1,027.50

LTP

₹ 3,263

-31.30 (-0.95%)

Volume

7,99,212

Market Cap

₹1,32,855 Cr

52W Low

₹1,918.05

52W High

₹3,775.00

LTP

₹ 416.7

-5.10 (-1.21%)

Volume

3,94,205

Market Cap

₹7,907 Cr

52W Low

₹226.93

52W High

₹540.00

LTP

₹ 1,567.5

-8.50 (-0.54%)

Volume

37,748

Market Cap

₹4,848 Cr

52W Low

₹1,155.60

52W High

₹2,025.00

LTP

₹ 1,615.2

-19.30 (-1.18%)

Volume

18,120

Market Cap

₹2,335 Cr

52W Low

₹761.50

52W High

₹2,001.00

LTP

₹ 6.57

0.12 (1.86%)

Volume

1

Market Cap

₹1 Cr

52W Low

₹1.51

52W High

₹6.57

LTP

₹ 836.4

-14.30 (-1.68%)

Volume

8,06,238

Market Cap

₹6,854 Cr

52W Low

₹404.70

52W High

₹972.50

LTP

₹ 476.35

5.35 (1.14%)

Volume

16,012

Market Cap

₹1,789 Cr

52W Low

₹231.15

52W High

₹579.00

LTP

₹ 1,292.9

-76.40 (-5.58%)

Volume

71,202

Market Cap

₹2,903 Cr

52W Low

₹399.96

52W High

₹1,624.95

LTP

₹ 15,960

-542.00 (-3.28%)

Volume

1,69,928

Market Cap

₹1,49,321 Cr

52W Low

₹8,482.50

52W High

₹17,820.00

LTP

₹ 504

9.85 (1.99%)

Volume

19,637

Market Cap

₹1,260 Cr

52W Low

₹218.55

52W High

₹710.00

LTP

₹ 1,280

-3.30 (-0.26%)

Volume

18,796

Market Cap

₹6,550 Cr

52W Low

₹850.00

52W High

₹1,523.75

LTP

₹ 1,895.8

-58.00 (-2.97%)

Volume

4,42,876

Market Cap

₹17,647 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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