This multibagger defence stock could become the next Maharatna PSU

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Subscribe to enjoy similar stories. When we talk about the largest and most influential companies in India, we often refer to Maharatna companies. These leading enterprises, closely associated with the national government, are considered the crown jewels of India's business world.

They play a crucial role in driving the country’s economy and development. Maharatna companies include government-owned businesses, like public sector banks, central public sector enterprises, and state-level public enterprises. These are the elite government-owned entities, often referred to as public sector undertakings (PSUs), and are awarded this special status due to their significant financial and operational importance.

The term "Maharatna," meaning "big gem" in Hindi, aptly describes their significance. They are the most powerful and prestigious PSUs, enjoying more autonomy and financial flexibility than their counterparts. Oil India was the last company that was awarded the Maharatna status in August 2023.

According to reports, the next big company set to be promoted from Navratna to Maharatna could be multi-bagger defence PSU Hindustan Aeronautics Ltd. Hindustan Aeronautics (HAL), the premier aircraft manufacturer in the country, is the undisputedking of Indian defence aviation. This PSUs market position is so dominant that its competitors are either non-existent or far behind.

It's the only company in India that can build fighter jets and helicopters for the Indian armed forces. Established on 23 December 1940, HAL is one of the oldest and largest aerospace and defence manufacturers in the world. The company develops, designs, manufactures, and supplies aircraft, helicopters, drones, avionics, and communications equipment for